NEW YORK (
) 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
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
. The area that we feel has been the company's primary weakness has been its disappointing return on equity. You can view the full
or get investment ideas from our