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

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM)’s share price crossed above its two hundred day moving average during trading on Tuesday . 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.

PolyMet Mining Stock Performance

The firm has a market cap of $408.37 million, a PE ratio of -9.13 and a beta of 0.52.

Institutional Trading of PolyMet Mining

Several hedge funds have recently made changes to their positions in the business. EHP Funds Inc. purchased a new position in shares of PolyMet Mining during the third quarter worth approximately $2,225,000. Gabelli Funds LLC purchased a new position in shares of PolyMet Mining during the third quarter worth approximately $530,000. Wolverine Asset Management LLC purchased a new position in shares of PolyMet Mining during the third quarter worth approximately $405,000. Gamco Investors INC. ET AL purchased a new position in shares of PolyMet Mining during the third quarter worth approximately $322,000. Finally, Barclays PLC grew its position in shares of PolyMet Mining by 26.8% during 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. 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.