3 Stocks To Keep Your Eyes On: Molycorp Inc(MCP), Key Energy Services, Inc.(KEG) and TENCENT HOLDINGS ADR(TCEHY)
New York, NY – GDP INSIDER – 01/23/2015.
This article discusses three companies: Molycorp Inc(NYSE:MCP), Key Energy Services, Inc.(NYSE:KEG) and TENCENT HOLDINGS ADR(OTCMKTS:TCEHY)
Molycorp Inc(NYSE:MCP) hit its 52-week low of $0.29 during intraday trading and closed the day at $0.381, a 17.28% decline in its value. The $0.079 loss per share moved the rare-earth miner company 93.23% below its 52-week high of $5.62. According to the sources familiar with the situation, Molycorp Inc has hired a law firm Jones Day for debt restructuring advice. In 2014, the same law firm helped the company to secure $400 million of loans from Oaktree Capital Management LLP. The company had a high trading volume of 14.14 million yesterday and 244.77 million shares outstanding.
Key Energy Services, Inc.(NYSE:KEG) surged a whopping 25.36% yesterday as the stock gained $0.35 to close its trading session at $1.73. The $214.27 million market cap company, which traded within a range of $1.40 to $1.86 during intraday trading, currently situated 73% above its 52-week low of $1 and 83.56% below its 52-week high of $10.52. Key Energy Services, Inc has a beta of 2.10, meaning it is 110% more volatile than the market, and an earnings per share of $-0.91. The stock has traded within a range of $1 to $10.52 over the past 52 weeks.
TENCENT HOLDINGS ADR(OTCMKTS:TCEHY) saw a gain of 3.01% in value during yesterday’s trading as it rose $0.50 to close its trading session at $17.10. The company gained an additional 0.06% to $0.01 during afterhours trading. The stock had a high trading volume of 1.10 million yesterday, a figure which is higher than its 30-day average trading volume of 0.55 million. Recently, analysts at Mizuho upgraded their rating on the stock to buy while analysts at JPMorgan Chase & Co. upgraded their neutral rating on the shares of TENCENT HOLDINGS ADR to overweight rating.
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