UPDATE: SEC Probe Leads to Morgan Stanley Downgrade of Molycorp (MCP)
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Molycorp (MCP) Continues Free-Fall on SEC Investigation
November 12, 2012 9:54 AM ESTAfter slumping 13 percent Friday on disclosure on a SEC investigation, Molycorp, Inc. (NYSE: MCP) is continuing lower Monday. Shares of MCP last traded at $6.79, down 9.5 percent.
In a statement Friday on the probe, the company said:
On August 28, 2012, the staff of the SEC... More
Molycorp (MCP) Slammed on Formal SEC Investigation
November 9, 2012 11:31 AM ESTThe downside and now volatility trading halt in Molycorp, Inc. (NYSE: MCP) is related to the disclosure on a formal order of investigation by the SEC related to the accuracy of the Company's public disclosures.
From the Filing:
In August... More
