PolyMet Mining (NYSEAMERICAN:PLM) Shares Pass Above 200 Day Moving Average of $0.00

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.11. PolyMet Mining shares last traded at $2.10, with a volume of 486,700 shares traded.

PolyMet Mining Stock Down 0.5 %

The company has a market capitalization of $408.37 million, a P/E ratio of -9.13 and a beta of 0.52.

Hedge Funds Weigh In On PolyMet Mining

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in PolyMet Mining by 26.8% in the third quarter. Barclays PLC now owns 97,053 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 20,527 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of PolyMet Mining during the 3rd quarter worth approximately $405,000. Finally, EHP Funds Inc. acquired a new position in PolyMet Mining during the 3rd quarter valued at approximately $2,225,000. Institutional investors and hedge funds own 3.09% of the company’s stock.

PolyMet Mining Company Profile

PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc, engages in the exploration and development of natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, platinum, palladium, gold, and silver mineralization covering an area of approximately 5,980 acres located in northeastern Minnesota, the United States.