StockNews.com Initiates Coverage on Polymet Mining (NYSE:PLM)

StockNews.com assumed coverage on shares of Polymet Mining (NYSE:PLM) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Polymet Mining Trading Down 0.5 %

Shares of PLM stock opened at $2.10 on Thursday. The stock’s 50-day moving average price is $2.10. Polymet Mining has a 12 month low of $0.75 and a 12 month high of $3.22.

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