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 Wednesday with 18.3 million shares changing hands. It is currently at 2.6 times its average daily volume and trading down 39 cents (-3.5%) at $10.94 as of 3:31 p.m. ET.
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Molycorp has a market cap of $1.48 billion and is part of the basic materials sector and metals & mining industry. Shares are down 55.4% 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. 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. 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. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.