Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Molycorp (NYSE: MCP) is trading at unusually high volume Friday with 29.9 million shares changing hands. It is currently at 8.9 times its average daily volume and trading down $1.28 (-11.5%) at $9.88 as of 3:25 p.m. ET.
Molycorp has a market cap of $1.21 billion and is part of the basic materials sector and metals & mining industry. Shares are down 53.5% 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. TheStreet Ratings rates Molycorp as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Molycorp Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.