3 Stocks Pushing The Basic Materials Sector Lower

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The Basic Materials sector as a whole closed the day down 0.5% versus the S&P 500, which was up 1.0%. Laggards within the Basic Materials sector included Minco Gold ( MGH), down 7.3%, Alderon Iron Ore ( AXX), down 3.2%, Entree Gold ( EGI), down 14.3%, Enerjex Resources ( ENRJ), down 11.0% and Atlatsa Resources ( ATL), down 4.0%.

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

Enerjex Resources ( ENRJ) is one of the companies that pushed the Basic Materials sector lower today. Enerjex Resources was down $0.15 (11.0%) to $1.21 on average volume. Throughout the day, 13,148 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 12,700 shares. The stock ranged in price between $1.17-$1.32 after having opened the day at $1.31 as compared to the previous trading day's close of $1.36.

Enerjex Resources has a market cap of $10.7 million and is part of the energy industry. Shares are down 32.0% 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.

At the close, Entree Gold ( EGI) was down $0.03 (14.3%) to $0.16 on average volume. Throughout the day, 98,300 shares of Entree Gold exchanged hands as compared to its average daily volume of 84,600 shares. The stock ranged in price between $0.16-$0.19 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 $27.9 million and is part of the energy industry. Shares are up 8.9% 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.

Alderon Iron Ore ( AXX) was another company that pushed the Basic Materials sector lower today. Alderon Iron Ore was down $0.01 (3.2%) to $0.28 on light volume. Throughout the day, 31,136 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 47,800 shares. The stock ranged in price between $0.27-$0.28 after having opened the day at $0.28 as compared to the previous trading day's close of $0.29.

Alderon Iron Ore has a market cap of $38.3 million and is part of the energy industry. Shares are down 14.0% 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.

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