As an analyst for Vandelay (a brokerage firm), your supervisor has handed you two share price charts showing the recent daily share price of Lynas Corporation (LYC). Chart 1 depicts that on 27 July 2020 the firms share price gained almost 12% on the day. Chart 2 illustratesthe firms roller-coaster ride for its historical share price shortly after its listing in the market. Chart 2 also exhibits that its share price peaked in April/May 2011, then it started to decline since then. You are asked to write a report:

i). to examine and investigate the reasons resulting in the price spike on 27 July 2020. Andwhat drove the firms price to its peak in April/May 2011.

Chart 1. LYNAS Corporation (LYC) Monthly Price for the Last 6 Months -2.30 225 25.04 why 2.10 +2.00 Malay When wil 1.90 wwwy 1.10 1.00 1.50 1.40 1.30 190 -1.00 Apr Auto Chart 2. The Historical Share Price of LYC 24.00 22.00 20.00 18.00 16.00 14.00 12.00 10.00 -0.00 4.00 -2.24 0.00 2006 2008 2010 2012 2014 2016 2018 2020 Mar 0