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) -- Shares of Molycorp (NYSE: MCP) were gapping down Wednesday morning with an open price 10.6% lower than Tuesday's closing price. The stock closed at $8.83 Tuesday and opened today's trading at $7.89.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The average volume for Molycorp has been 8.7 million shares per day over the past 30 days. Molycorp has a market cap of $1.22 billion and is part of the basic materials sector and metals & mining industry. Shares are down 6.1% 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. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.