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Molycorp Inc (NYSE:MCP) To Evaluate Debt Restructuring Measures During Grace Period

Molycorp Inc (NYSE:MCP) announced that it has plans to use the 30-day grace period for the repayment of a $3.36 million semiannual interest extended from its due date this earlier this week. The company has been struggling to meet the payment deadlines, but it plans to use the extended grace period to study its options. […]

Molycorp Inc (NYSE:MCP) Fails to Raise its Stock Despite Decade Long Deal With Siemens

Molycorp Inc (NYSE:MCP) in an attempt to turn its fortunes, had recently acquired a deal with Siemens for providing rare earth materials for its wind turbines. Even though, the project is huge and reflects on the confidence of Siemens that MCP would be there for quite a while, it still seems to have had little […]

Molycorp Inc (NYSE:MCP) Successfully Acquires a 10 Year Deal with Siemens, But Will it be Enough

Molycorp Inc (NYSE:MCP) has successfully acquired a massive contract to supply rare earth metals, for the next 10 years, to Siemens. The materials are targeted to be used in Siemens direct drive wind turbines. The company has chosen its Mountain Pass facility in California for this purpose. The deal directs Molycorp to supply the rare […]

Molycorp Inc (NYSE:MCP) – Strong Resistance Around $1.20

Molycorp Inc (NYSE:MCP) rallied very sharply and ended the last trading session with a huge gain of 77% on the back of the news of Siemens AG (ADR) (OTCMKTS:SIEGY) selecting the company to supply rare earth materials for the next 10 years. The volume exploded to 42 million against the daily average of 8.7 million […]

Molycorp Inc (NYSE:MCP) Peaked After Almost A Month As Insider Sold Shares And CEO Increased Equity

Boston, MA 06/20/2014 (wallstreetpr) – Molycorp Inc (NYSE:MCP) surged highest in over a month’s time after an insider sold shares and the company’s Chief Executive Officer proposed increasing equity as a solution to manage declining cash. Struggling For Cash According to Trace, the Financial Industry Regulatory Authority’s bond- price reporting system, Molycorp’s $230 million of […]

Molycorp Inc (NYSE:MCP)’s Shares Plunge Amidst Mounting Sales-Pressures And Increasing Losses

Boston, MA 06/04/2014 (wallstreetpr) – A pathetic first quarter and a myopic earnings guidance resulted in Molycorp Inc (NYSE:MCP)’s share price sliding down the avalanche, in May 2014. The company reported losses of 29 cents/share – greater than the losses of 17 cents/share in Q1-2013. Revenues too dropped 18%, to $118.5 million, YoY. Interruptions At […]

Revenue Declines Continue To Plague Molycorp Inc (NYSE:MCP)

Boston, MA 10/29/2013 (wallstreetpr) – American metals and minerals manufacturer Molycorp Inc (NYSE:MCP) stocks continued on their downward spiral, dropping roughly 27% for over a month now, as investors’ lack of confidence and negative sentiments prevailed over the stocks. Analysts estimate a drop in the earnings per share that Molycorp is expected to report over the next […]

Is Molycorp Inc (NYSE:MCP) Punishing Its Investors?

Boston, MA 10/17/2013 (wallstreetpr) – Investors at Molycorp Inc (NYSE:MCP) are discovering that there may not be gold at the end of the rainbow. The rare earth scare of 2010 and 2011 saw producers of rare earths make money. Investors jumped in to get their share of the pie and invested in companies without looking at the […]

Molycorp Inc (NYSE:MCP) Announces Offering Of Common Stock

Boston, MA 10/16/2013 (wallstreetpr) – Molycorp Inc (NYSE:MCP) announced today that the company intends to offer and sell up to $0.200 billion of its common stock (or up to an aggregate of $0.230 billion of Common Stock if the underwriters exercise their option to buy additional shares of Common Stock in full) in a registered public […]

Molycorp Inc (NYSE:MCP) shares decreased by 4.10%

Boston, MA 07/12/2013 (wallstreetpr) – On July 11, the shares of Molycorp Inc (NYSE:MCP) decreased by 4.10% in tremendously heavy trading to surpass all other Colorado public firms. Scrip of Molycorp Inc (NYSE:MCP) closed at $6.79. On Thursday, approximately 9.88 million shares were dealt. The share price has seen a 52-week high of $20.29 and a low […]

CEO Resign amid Industry Decline; Will Molycorp Emerge From “Under-Perform” MCP, CVX

Amid heavy volume, shares of rare-earth miner Molycorp Inc. (NYSE:MCP) dropped as much as 8.6% to $10.36 after regular trading hours yesterday, when its announced it was on the look for a successor in the Chief Executive Officer after Mark Smith, resigned. Smith who was also the president of the company had served as CEO […]