PolyMet Mining (NYSEAMERICAN:PLM) Stock Crosses Above Two Hundred Day Moving Average of $0.00

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Performance

The company has a market capitalization of $408.37 million, a price-to-earnings ratio of -9.13 and a beta of 0.52.

Institutional Trading of PolyMet Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EHP Funds Inc. acquired a new position in PolyMet Mining during the third quarter worth about $2,225,000. Gabelli Funds LLC purchased a new position in PolyMet Mining in the 3rd quarter valued at approximately $530,000. Wolverine Asset Management LLC acquired a new position in PolyMet Mining during the third quarter worth $405,000. Gamco Investors INC. ET AL purchased a new stake in PolyMet Mining during the third quarter worth $322,000. Finally, Barclays PLC grew 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 valued at $203,000 after purchasing an additional 20,527 shares during the last quarter. Hedge funds and other institutional investors own 3.09% of the company’s stock.

About PolyMet Mining

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.