Yesterday's Worst Performers - Molycorp, Inc. (NYSE:MCP), MGT Capital Investments, Inc. (NYSEMKT:MGT), CHC Group Ltd. (NYSE:HELI), Vaalco Energy Inc. (NYSE:EGY)

On Tuesday, Following Stocks were among the “Top 50 Losers” of U.S. Stock Market: Molycorp, Inc. (NYSE:MCP), MGT Capital Investments, Inc. (NYSEMKT:MGT), CHC Group Ltd. (NYSE:HELI), Vaalco Energy Inc. (NYSE:EGY)

Molycorp, Inc. (NYSE:MCP), with shares drowned -35.30%, closed at $0.48.

MGT Capital Investments, Inc. (NYSEMKT:MGT), with shares dropped -25%, settled at $0.43, hitting new 52-week low of $0.35.

CHC Group Ltd. (NYSE:HELI), with shares dipped -22.07%, and closed at $1.13, hitting new 52-week low of $1.09.

Vaalco Energy Inc. (NYSE:EGY), plummeted -20.36%, and closed at $3.56, hitting new 52-week low of $3.45.

Latest NEWS regarding these Stocks are depicted underneath:

Molycorp, Inc. (NYSE:MCP)

On Monday, March 16, Molycorp, Inc. (MCP), stated higher production volumes in the fourth quarter of 2014 at its Mountain Pass, California rare earth facility, with 1,328 metric tons (“mt”) of rare earth oxide (“REO”) equivalent production. That compares to 1,034 mt in the fourth quarter of 2013 and 691 mt in the third quarter of 2014. Full year 2014 production at Mountain Pass totaled about 4,769 mt, contrast to 3,473 mt in 2013.

The Chlor-Alkali plant at Mountain Pass is performing well and the Corporation is able to produce or purchase sufficient supplies of hydrochloric acid for rare earth production.
Per-unit cash production costs at Mountain Pass declined in the fourth quarter of 2014 to $21.02 per kilogram, a 38% decrease over the third quarter of 2014 costs of $33.80 per kilogram.
The Corporation stated fourth quarter product sales volume of 3,149 mt, a 6% decrease over the third quarter, at an average selling price (“ASP”) of $36.91 per kilogram. For the full year 2014, the Corporation stated sales volume of 13,019 mt, a 1% raise over 2013, at an ASP of about $36.53 per kilogram.
Net proceeds for the quarter were $116.2 million, a 6% decrease from the third quarter. Full year 2014 net proceeds were $475.6 million, a 14% decrease as contrast to 2013.
The Corporation stated a net loss of $1.43 per share for the quarter. The Corporation stated a net loss of $0.39 per share for the quarter on an adjusted non-GAAP basis.
For the full year 2014, the Corporation stated a net loss of $2.70 per share. On an adjusted non-GAAP basis, the Corporation stated a net loss of $1.31 per share for the full year, due largely to impairment of goodwill and other intangible assets and write-offs of certain tangible assets.

Molycorp is the only advanced material manufacturer in the world that both controls a world-class rare earth resource and can produce high-purity, custom engineered rare earth products to meet increasingly demanding customer specifications.

MGT Capital Investments, Inc. (NYSEMKT:MGT)

On Tuesday, MGT Capital Investments, Inc. (MGT), declared that it has suspended discussions with Tera Group, Inc., owner of TeraExchange, LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission (“CFTC”). As formerly declared on February 27, 2015, the companies had reached a Letter of Intent in order to finalize and execute a definitive merger contract. However, the self-imposed deadline of the LOI expired yesterday, and the parties did not reach a binding extension.

Robert Ladd, Chief Executive Officer of MGT, “The upside opportunity of a deal is extraordinary for our stockholders, and we remain committed to working with Tera administration and legal team to finalize the complex contract.”

MGT Capital Investments, Inc., together with its auxiliaries, is engaged in acquiring, developing, and monetizing assets in the casino, online, and mobile gaming space.

CHC Group Ltd. (NYSE:HELI)

CHC Group Ltd. (HELI), hosted a conference call and live webcast to talk about the results of the third quarter 2015, held Tuesday, March 17, 2015, while on Monday, CHC Group (HELI), the parent corporation of CHC Helicopter, stated proceed of $415 million and a net loss of $465 million for its fiscal-2015 third quarter, which ended Jan. 31. Proceed declined 9 percent, largely driven by the influence of currency. Not taking into account the influence of currency, proceed declined about 2 percent.

The corporation had an adjusted net loss of $30 million, which excluded the effect of $442 million in special items, counting a non-cash charge of $404 million, or $5.00 per share, for the impairment of goodwill. This impairment does not affect operations or cash flow. Adjusted EBITDAR (earnings before interest, taxes, depreciation and amortization and helicopter lease and other costs) not including special items was $115 million, a decline of 3 percent. Not including the influence of currency, adjusted EBITDAR not including special items was up modestly.

CHC Group Ltd. provides commercial helicopter services to the offshore oil and gas industry worldwide. The corporation operates in two segments, Helicopter Services and Heli-One.

Vaalco Energy Inc. (NYSE:EGY)

On Tuesday, Vaalco Energy Inc. (EGY), declared that Steven P. Guidry, VAALCO’s Chairman and Chief Executive Officer, will present at the Scotia Howard Weil Energy Conference to be held at The Roosevelt New Orleans Hotel in New Orleans from March 22-26, 2015.

VAALCO Energy, Inc. is a Houston based independent energy corporation principally engaged in the attainment, exploration, development and production of crude oil. VAALCO’s strategy is to raise reserves and production through the exploration and exploitation of oil and natural gas properties with high emphasis on international opportunities.

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