3 Basic Materials Stocks Pushing Sector Growth

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 55.52 points (-0.3%) at 17,690 as of Friday, July 31, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,938 issues advancing vs. 1,140 declining with 130 unchanged.

The Basic Materials sector as a whole closed the day down 1.1% versus the S&P 500, which was down 0.2%. Top gainers within the Basic Materials sector included Alderon Iron Ore ( AXX), up 2.8%, Timberline Resources ( TLR), up 4.1%, Pacific Booker Minerals ( PBM), up 3.6%, Mines Management ( MGN), up 2.0% and China Natural Resources ( CHNR), up 9.2%.

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

Mines Management ( MGN) is one of the companies that pushed the Basic Materials sector higher today. Mines Management was up $0.01 (2.0%) to $0.52 on heavy volume. Throughout the day, 99,717 shares of Mines Management exchanged hands as compared to its average daily volume of 32,000 shares. The stock ranged in a price between $0.50-$0.55 after having opened the day at $0.53 as compared to the previous trading day's close of $0.51.

Mines Management has a market cap of $15.8 million and is part of the chemicals industry. Shares are up 8.5% year-to-date as of the close of trading on Thursday.

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At the close, Timberline Resources ( TLR) was up $0.02 (4.1%) to $0.48 on average volume. Throughout the day, 18,609 shares of Timberline Resources exchanged hands as compared to its average daily volume of 13,700 shares. The stock ranged in a price between $0.43-$0.48 after having opened the day at $0.45 as compared to the previous trading day's close of $0.46.

Timberline Resources has a market cap of $6.0 million and is part of the chemicals industry. Shares are down 21.7% year-to-date as of the close of trading on Thursday.

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Alderon Iron Ore ( AXX) was another company that pushed the Basic Materials sector higher today. Alderon Iron Ore was up $0.00 (2.8%) to $0.14 on heavy volume. Throughout the day, 12,100 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 7,800 shares. The stock ranged in a price between $0.13-$0.14 after having opened the day at $0.13 as compared to the previous trading day's close of $0.14.

Alderon Iron Ore has a market cap of $19.8 million and is part of the chemicals industry. Shares are down 58.4% year-to-date as of the close of trading on Thursday.

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.

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