Cliffs Natural Rises On Unusually High Volume (CLF)

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) -- Cliffs Natural Resources (NYSE: CLF) is trading at unusually high volume Thursday with 23.9 million shares changing hands. It is currently at two times its average daily volume and trading up $3.20 (+17.6%) at $21.42 as of 12:46 p.m. ET.

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Cliffs Natural has a market cap of $2.76 billion and is part of the basic materials sector and metals & mining industry. Shares are down 55.1% year to date as of the close of trading on Wednesday.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal.

TheStreet Ratings rates Cliffs Natural as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Cliffs Natural Ratings Report.

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