PolyMet Mining (NYSEAMERICAN:PLM) Share Price Passes Above 200 Day Moving Average of $0.00

PolyMet Mining Corp. (NYSEAMERICAN:PLMGet Rating) (TSE:POM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.79. PolyMet Mining shares last traded at $2.75, with a volume of 45,963 shares traded.

The stock has a market capitalization of $281.07 million, a PE ratio of -16.29 and a beta of 0.53. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.10.

PolyMet Mining (NYSEAMERICAN:PLMGet Rating) (TSE:POM) last announced its earnings results on Thursday, May 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter.

Hedge funds have recently modified their holdings of the company. Sentinel Trust Co. LBA purchased a new position in PolyMet Mining in the first quarter valued at about $59,000. Allspring Global Investments Holdings LLC purchased a new position in PolyMet Mining in the first quarter valued at about $68,000. State Board of Administration of Florida Retirement System purchased a new position in PolyMet Mining in the fourth quarter valued at about $73,000. HighMark Wealth Management LLC grew its stake in PolyMet Mining by 20.8% in the fourth quarter. HighMark Wealth Management LLC now owns 31,900 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in PolyMet Mining by 152.9% in the first quarter. Goldman Sachs Group Inc. now owns 51,321 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 31,031 shares in the last quarter. Institutional investors and hedge funds own 3.60% of the company’s stock.

PolyMet Mining Company Profile (NYSEAMERICAN:PLM)

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, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States.

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