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The Basic Materials sector as a whole closed the day down 0.9% versus the S&P 500, which was down 0.9%. Laggards within the Basic Materials sector included Quest Rare Minerals ( QRM), down 11.3%, Alderon Iron Ore ( AXX), down 3.9%, FieldPoint Petroleum ( FPP), down 3.0%, Tasman Metals ( TAS), down 2.7% and Lilis Energy ( LLEX), down 4.1%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Tasman Metals ( TAS) is one of the companies that pushed the Basic Materials sector lower today. Tasman Metals was down $0.01 (2.7%) to $0.34 on average volume. Throughout the day, 73,622 shares of Tasman Metals exchanged hands as compared to its average daily volume of 70,400 shares. The stock ranged in price between $0.34-$0.38 after having opened the day at $0.37 as compared to the previous trading day's close of $0.35.

Tasman Metals has a market cap of $26.6 million and is part of the energy industry. Shares are down 16.7% year-to-date as of the close of trading on Wednesday.

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At the close, Alderon Iron Ore ( AXX) was down $0.01 (3.9%) to $0.29 on average volume. Throughout the day, 38,825 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 50,300 shares. The stock ranged in price between $0.27-$0.31 after having opened the day at $0.29 as compared to the previous trading day's close of $0.30.

Alderon Iron Ore has a market cap of $40.5 million and is part of the energy industry. Shares are down 11.3% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Alderon Iron Ore a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Quest Rare Minerals ( QRM) was another company that pushed the Basic Materials sector lower today. Quest Rare Minerals was down $0.01 (11.3%) to $0.09 on light volume. Throughout the day, 11,700 shares of Quest Rare Minerals exchanged hands as compared to its average daily volume of 108,100 shares. The stock ranged in price between $0.09-$0.10 after having opened the day at $0.10 as compared to the previous trading day's close of $0.10.

Quest Rare Minerals has a market cap of $7.9 million and is part of the energy industry. Shares are down 7.0% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.