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The Basic Materials sector as a whole closed the day down 2.2% versus the S&P 500, which was unchanged. Laggards within the Basic Materials sector included

Sonde Resources

(

SOQ

), down 13.0%,

Quest Rare Minerals

(

QRM

), down 2.0%,

Alderon Iron Ore

(

AXX

), down 9.8%,

Houston American Energy

(

HUSA

), down 4.8% and

Silver Bull Resources

(

SVBL

), down 2.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Alderon Iron Ore

(

AXX

) is one of the companies that pushed the Basic Materials sector lower today. Alderon Iron Ore was down $0.04 (9.8%) to $0.35 on average volume. Throughout the day, 53,064 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 43,600 shares. The stock ranged in price between $0.35-$0.40 after having opened the day at $0.39 as compared to the previous trading day's close of $0.39.

Alderon Iron Ore has a market cap of $54.7 million and is part of the energy industry. Shares are down 73.2% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Alderon Iron Ore a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close,

Quest Rare Minerals

(

QRM

) was down $0.00 (2.0%) to $0.15 on light volume. Throughout the day, 61,850 shares of Quest Rare Minerals exchanged hands as compared to its average daily volume of 107,600 shares. The stock ranged in price between $0.15-$0.16 after having opened the day at $0.15 as compared to the previous trading day's close of $0.15.

Quest Rare Minerals has a market cap of $11.0 million and is part of the energy industry. Shares are down 67.2% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Sonde Resources

(

SOQ

) was another company that pushed the Basic Materials sector lower today. Sonde Resources was down $0.01 (13.0%) to $0.06 on light volume. Throughout the day, 25,434 shares of Sonde Resources exchanged hands as compared to its average daily volume of 57,500 shares. The stock ranged in price between $0.06-$0.06 after having opened the day at $0.06 as compared to the previous trading day's close of $0.07.

Sonde Resources has a market cap of $3.8 million and is part of the energy industry. Shares are down 90.2% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.