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

Research analysts at StockNews.com began coverage on shares of Polymet Mining (NYSE:PLM) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Polymet Mining Price Performance

Shares of Polymet Mining stock opened at $2.10 on Friday. Polymet Mining has a 52-week low of $0.75 and a 52-week high of $3.22. The firm has a fifty day simple moving average of $2.10.

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.