Molycorp (MCP) Higher after Equity Pricings
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Is the worst over for Molycorp (NYSE: MCP)?
Shares of the beaten-down rare earth miner are up over 1 percent after pricing an equity offering this morning.
Molycorp priced its previously announced public offering of 37,500,000 shares of its common stock at a price per share of $6.00 and $150 million aggregate principal amount of its 5.50% Convertible Senior Notes due 2018 in separate registered public offerings.
MCP last traded at $7.17, up 1.4%.
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Shares of the beaten-down rare earth miner are up over 1 percent after pricing an equity offering this morning.
Molycorp priced its previously announced public offering of 37,500,000 shares of its common stock at a price per share of $6.00 and $150 million aggregate principal amount of its 5.50% Convertible Senior Notes due 2018 in separate registered public offerings.
MCP last traded at $7.17, up 1.4%.
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