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

Shares of PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) passed 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.

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. acquired a new position in shares of PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,069,814 shares of the basic materials company’s stock, valued at approximately $2,225,000. PolyMet Mining accounts for about 1.0% of EHP Funds Inc.’s holdings, making the stock its 22nd largest holding. EHP Funds Inc. owned 0.55% of PolyMet Mining at the end of the most recent reporting period. 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.