PolyMet Mining (NYSEAMERICAN:PLM) Stock Crosses Above 200 Day Moving Average of $0.00

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM)’s stock price 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 trading hands.

PolyMet Mining Stock Down 0.5 %

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

Institutional Investors Weigh In On PolyMet Mining

A number of large investors have recently added to or reduced their stakes in the company. EHP Funds Inc. purchased a new stake in PolyMet Mining during the third quarter valued at about $2,225,000. State Street Corp raised its position in PolyMet Mining by 13.7% during the second quarter. State Street Corp now owns 407,182 shares of the basic materials company’s stock valued at $1,120,000 after purchasing an additional 49,093 shares in the last quarter. Gabelli Funds LLC purchased a new stake in PolyMet Mining during the third quarter valued at about $530,000. Northern Trust Corp increased its holdings in shares of PolyMet Mining by 11.9% in the third quarter. Northern Trust Corp now owns 225,333 shares of the basic materials company’s stock worth $469,000 after buying an additional 23,978 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of PolyMet Mining in the third quarter worth about $405,000. Hedge funds and other institutional investors 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.