Post by
Danalo on Nov 09, 2012 10:55am
MCP IS INTO LITE REE.not worth a lot of money
Analysis of Relative Performance in the Diversified Metals & Mining Industry for Shares of Molycorp (MCP, WLT, GSM, FCX, RIO)
Adrienne Chilton
Nov 09, 2012 (Fast Lane via COMTEX) --
Analysis was conducted on the Diversified Metals & Mining industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday"s price action of all companies in this peer group and measured their performance against one another. Molycorp (NYSE:MCP) ranks first with a loss of 3.23%; Walter Energy (NYSE:WLT) ranks second with a loss of 2.28%; and Globe Specialty Metals (NASDAQ:GSM) ranks third with a loss of 2.16%.
Freeport-McMoRan (NYSE:FCX) follows with a loss of 1.58% and Rio Tinto (NYSE:RIO) rounds out the bottom five with a loss of 1.56%.Molycorp, Inc. produces rare earth products, including oxides, metals, alloys and magnets for a variety of applications including clean energy technologies, technology, and defense applications.