Molycorp (MCP) Higher after Equity Pricings

January 25, 2013 9:00 AM EST
Get Alerts MCP Hot Sheet
Trade MCP Now!
Join SI Premium – FREE
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%.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Trader Talk

Add Your Comment