NEW YORK (
) hit a new 52-week low Wednesday as it is currently trading at $24.28, below its previous 52-week low of $25.60 with five million shares traded as of 12:55 p.m. ET. Average volume has been 4.3 million shares over the past 30 days.
Molycorp has a market cap of $2.39 billion and is part of the
industry. Shares are down 43.9% year to date as of the close of trading on Tuesday.
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 29.6, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Molycorp as a
. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full
or get investment ideas from our