NEW YORK (
) is trading at unusually high volume Tuesday with 7.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.16 (-13.3%) at $7.53 as of 1:50 p.m. ET.
Thompson Creek has a market cap of $1.4 billion and is part of the
industry. Shares are up 24.9% year to date as of the close of trading on Monday.
Thompson Creek Metals Company Inc., through its subsidiaries, engages in mining, milling, processing, and marketing molybdenum products in the United States and Canada. The company has a P/E ratio of 5.3, below the average metals & mining industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Thompson Creek as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full
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