NEW YORK ( TheStreet) -- Shares of Molycorp (NYSE: MCP) were gapping down Friday morning with an open price 17.1% lower than Thursday's closing price. The stock closed at $16.07 Thursday and opened today's trading at $13.32.
The average volume for Molycorp has been 2.8 million shares per day over the past 30 days. Molycorp has a market cap of $1.6 billion and is part of the basic materials sector and metals & mining industry. Shares are down 31.6% year to date as of the close of trading on Thursday. 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 13.4, below the average metals & mining industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Molycorp as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income and feeble growth in its earnings per share. You can view the full Molycorp Ratings Report. Get more investment ideas from our investment research center.