Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 260 points (1.5%) at 17,814 as of Thursday, Jan. 22, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,444 issues advancing vs. 659 declining with 120 unchanged.

The Basic Materials sector as a whole closed the day up 0.5% versus the S&P 500, which was up 1.5%. Top gainers within the Basic Materials sector included Enerjex Resources ( ENRJ), up 22.6%, Entree Gold ( EGI), up 2.8%, Ossen Innovation ( OSN), up 1.5%, United States Antimony ( UAMY), up 2.5% and Mines Management ( MGN), up 2.6%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the sector higher today:

Ossen Innovation ( OSN) is one of the companies that pushed the Basic Materials sector higher today. Ossen Innovation was up $0.01 (1.5%) to $0.66 on average volume. Throughout the day, 25,874 shares of Ossen Innovation exchanged hands as compared to its average daily volume of 29,100 shares. The stock ranged in a price between $0.65-$0.76 after having opened the day at $0.66 as compared to the previous trading day's close of $0.65.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China. Ossen Innovation has a market cap of $12.5 million and is part of the metals & mining industry. Shares are down 20.7% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Ossen Innovation a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Ossen Innovation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

Highlights from TheStreet Ratings analysis on OSN go as follows:

  • OSN's debt-to-equity ratio of 0.75 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that OSN's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.53 is high and demonstrates strong liquidity.
  • OSSEN INNOVATION CO LTD -ADR has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, OSSEN INNOVATION CO LTD -ADR increased its bottom line by earning $0.18 versus $0.12 in the prior year.
  • Net operating cash flow has significantly decreased to -$2.31 million or 141.05% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 72.1% when compared to the same quarter one year ago, falling from $1.68 million to $0.47 million.

You can view the full analysis from the report here: Ossen Innovation Ratings Report

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At the close, Entree Gold ( EGI) was up $0.01 (2.8%) to $0.19 on heavy volume. Throughout the day, 130,507 shares of Entree Gold exchanged hands as compared to its average daily volume of 81,600 shares. The stock ranged in a price between $0.18-$0.20 after having opened the day at $0.19 as compared to the previous trading day's close of $0.19.

Entree Gold has a market cap of $27.8 million and is part of the metals & mining industry. Shares are up 10.3% year-to-date as of the close of trading on Wednesday.

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Enerjex Resources ( ENRJ) was another company that pushed the Basic Materials sector higher today. Enerjex Resources was up $0.28 (22.6%) to $1.52 on heavy volume. Throughout the day, 128,305 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 9,300 shares. The stock ranged in a price between $1.24-$1.78 after having opened the day at $1.24 as compared to the previous trading day's close of $1.24.

Enerjex Resources has a market cap of $9.9 million and is part of the metals & mining industry. Shares are down 38.0% year-to-date as of the close of trading on Wednesday.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.