Molycorp ( MCP) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.7%. By the end of trading, Molycorp rose $0.98 (16.1%) to $7.08 on heavy volume. Throughout the day, 17,026,397 shares of Molycorp exchanged hands as compared to its average daily volume of 8,006,600 shares. The stock ranged in a price between $6.14-$7.10 after having opened the day at $6.14 as compared to the previous trading day's close of $6.10. Other companies within the Metals & Mining industry that increased today were: China Gengsheng Minerals ( CHGS), up 22.2%, Ossen Innovation ( OSN), up 20.0%, Quest Rare Minerals ( QRM), up 18.0% and Avalon Rare Metals ( AVL), up 15.2%. Molycorp, Inc. produces and sells rare earth and rare metal materials in the United States and internationally. Molycorp has a market cap of $1.1 billion and is part of the basic materials sector. Shares are down 35.4% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Molycorp a buy, no analysts rate it a sell, and 6 rate it a hold. 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, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
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