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Molycorp Inc. was an American mining corporation headquartered in Greenwood Village, Colorado. [1] The corporation, which was formerly traded on the New York Stock Exchange, [2] owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a ...
But this year, the stock is down 32.2%, and there is a lot less optimism that rare earth mineral prices. ... Prices peak What really drove Molycorp's stock price down in 2011 ...
To those who observed with awe Molycorp's (NYS: MCP) astonishing five-bagger run within the first year after its 2010 initial public offering, the current share price would appear to have no context.
In 2008, Chevron sold the mine to privately-held Molycorp Minerals LLC, a company formed to revive the Mountain Pass mine. Molycorp announced plans to spend $500 million to reopen and expand the mine, and on July 29, 2010, it raised about $400 million through an initial public offering , selling 28,125,000 shares at $14 under the ticker symbol ...
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There doesn't seem to be any relief from the continued downward pressure on Molycorp (NYS: MCP) and other potential rare-earth-mineral miners. Prices have been falling, which has had a huge impact ...
Molycorp will release its quarterly report on Thursday, and investors have never been more downbeat on the company's prospects, having bid the stock down to its lowest levels since the rare-earth ...
An at-the-market (ATM) offering is a type of follow-on offering of stock utilized by publicly traded companies in order to raise capital over time. In an ATM offering, exchange-listed companies incrementally sell newly issued shares or shares they already own into the secondary trading market through a designated broker-dealer at prevailing market prices.