3 Stocks Moving The Metals & Mining Industry Upward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 91.66 points (-0.5%) at 17,598 as of Monday, Aug. 3, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,213 issues advancing vs. 1,856 declining with 132 unchanged.

The Metals & Mining industry as a whole closed the day down 2.7% versus the S&P 500, which was down 0.3%. Top gainers within the Metals & Mining industry included Alderon Iron Ore ( AXX), up 6.9%, Tasman Metals ( TAS), up 6.1%, NovaCopper ( NCQ), up 16.7%, Vista Gold ( VGZ), up 2.5% and Avalon Rare Metals ( AVL), up 6.0%.

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

NovaCopper ( NCQ) is one of the companies that pushed the Metals & Mining industry higher today. NovaCopper was up $0.06 (16.7%) to $0.42 on average volume. Throughout the day, 65,079 shares of NovaCopper exchanged hands as compared to its average daily volume of 74,700 shares. The stock ranged in a price between $0.35-$0.45 after having opened the day at $0.35 as compared to the previous trading day's close of $0.36.

NovaCopper has a market cap of $39.7 million and is part of the basic materials sector. Shares are down 26.6% year-to-date as of the close of trading on Friday.

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At the close, Tasman Metals ( TAS) was up $0.02 (6.1%) to $0.35 on light volume. Throughout the day, 11,388 shares of Tasman Metals exchanged hands as compared to its average daily volume of 72,400 shares. The stock ranged in a price between $0.34-$0.35 after having opened the day at $0.34 as compared to the previous trading day's close of $0.33.

Tasman Metals has a market cap of $23.7 million and is part of the basic materials sector. Shares are down 21.4% year-to-date as of the close of trading on Friday.

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Alderon Iron Ore ( AXX) was another company that pushed the Metals & Mining industry higher today. Alderon Iron Ore was up $0.01 (6.9%) to $0.15 on light volume. Throughout the day, 1,000 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 $0.15-$0.16 after having opened the day at $0.15 as compared to the previous trading day's close of $0.14.

Alderon Iron Ore has a market cap of $18.6 million and is part of the basic materials sector. Shares are down 58.4% year-to-date as of the close of trading on Friday.

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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