Market Overview

Rare Earth Names Lower On Last Day of 2010 (SHZ, MCP, XING, REE)

The rare earth names are lower on the last day of 2010, as traders continue to take profits after huge run ups.

China Shen Zhou Mining & Resources Inc. (AMEX: SHZ) is down 4.5% this morning to $7.64, a loss of 36 cents.

Qiao Xing Universal Resources, Inc. (NASDAQ: XING) is dropping 5.6% to $2.69, a loss of 16 cents.

Rare Element Res Ltd Ordinary Shares (NYSE: REE) is down 58 cents to $16.16, a loss of 3.5%.

Molycorp (NYSE: MCP) is dropping $1.28 to $50.71, a loss of 2.5%.

Posted-In: Movers

 

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