NEW YORK (

TheStreet

) --

Molycorp

(NYSE:

MCP

) hit a new 52-week low Friday as it is currently trading at $26.73, below its previous 52-week low of $27.06 with 1.3 million shares traded as of 12:26 p.m. ET. Average volume has been 5.1 million shares over the past 30 days.

Molycorp has a market cap of $2.37 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 44.5% year to date as of the close of trading on Wednesday.

Molycorp, Inc., a development stage company, focuses on the production and sale of rare earth oxides from stockpiled feedstocks in the western hemisphere. The company operates the Mountain Pass mine, a non-Chinese rare earth deposit located in San Bernardino County, California. The company has a P/E ratio of 28.3, below the average metals & mining industry P/E ratio of 29.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Molycorp as a

sell

. The area that we feel has been the company's primary weakness has been its disappointing return on equity. You can view the full

Molycorp Ratings Report

.

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