Molycorp Stock Hits New 52-Week Low (MCP)
NEW YORK (
) --
(NYSE:
) hit a new 52-week low Thursday as it is currently trading at $19.35, below its previous 52-week low of $19.38 with 654,838 shares traded as of 11:20 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.
Molycorp has a market cap of $2.02 billion and is part of the
sector and
industry. Shares are down 15.8% year to date as of the close of trading on Wednesday.
Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere. The company has a P/E ratio of 16.9, below the average metals & mining industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Molycorp as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and unimpressive growth in net income. You can view the full
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