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Lynas to raise $83m to pay debt

Rare earths producer Lynas Corporation has announced an $83 million capital raising to help replenish its crippled cash balance.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
85thGrange Resources41%4%
372ndLynas Corporation-17%-10%
374thAustin Engineering-18%-33%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

55th↑STW Group$478.4m
56th-Grange Resources$375.6m
57th-Lynas Corporation$374.1m
58th-Sedgman$359.3m
59th-Austin Engineering$280.4m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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