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) hit a new 52-week low Wednesday as it is currently trading at $9.34, below its previous 52-week low of $9.40 with 978,509 shares traded as of 9:51 a.m. ET. Average volume has been 7.9 million shares over the past 30 days. Molycorp has a market cap of $1.08 billion and is part of the basic materials sector and metals & mining industry. Shares are down 59.3% year to date as of the close of trading on Tuesday. 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 -195.4, below the S&P 500 P/E ratio of 17.7.
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