Thompson Creek Stock Falls On Unusually High Volume (TC)

NEW YORK (TheStreet) -- Thompson Creek Metals Company (NYSE:TC) is trading at unusually high volume Tuesday with 7.7 million shares changing hands. It is currently at four times its average daily volume and trading down 40 cents (-8.6%) at $4.24 as of 11 a.m. ET.

Thompson Creek has a market cap of $929.5 million and is part of the basic materials sector and metals & mining industry. Shares are down 33.3% year to date as of the close of trading on Monday.

Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of molybdenum products in the United States and Canada. The company has a P/E ratio of 5.5, above the average metals & mining industry P/E ratio of 3.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Thompson Creek as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Thompson Creek Ratings Report.

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