Just when you thought it couldn't get any worse for Lynas Corporation Limited (ASX: LYC) following yesterday's 7.7% fall, they've once again proved investors wrong.
The stock has dropped a further 16.67% today, hitting a new all-time low of 4 cents per unit and wiping a further $27 million of the rare earths miner's market value. The stock has now plummeted more than 86% since the beginning of the year and, with a dwindling cash balance things could get worse.
Source: Google Finance
Needless to say, Lynas Corporation is a stock for investors to avoid altogether. Luckily, The Motley Fool's top investment advisor, Scott Phillips, has just unveiled his number one stock pick for 2015 in his brand new investing report.