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

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM)’s share price crossed above its 200-day moving average during trading on Thursday . 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 Performance

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

Institutional Trading of PolyMet Mining

An institutional investor recently bought a new position in PolyMet Mining stock. EHP Funds Inc. purchased a new position in PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,069,814 shares of the basic materials company’s stock, valued at approximately $2,225,000. PolyMet Mining comprises about 1.0% of EHP Funds Inc.’s holdings, making the stock its 22nd largest holding. EHP Funds Inc. owned about 0.55% of PolyMet Mining at the end of the most recent quarter. 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.