PolyMet Mining (NYSEAMERICAN:PLM) Shares Pass Above Two Hundred Day Moving Average of $0.00

PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) shares 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 company has a market capitalization of $408.37 million, a price-to-earnings ratio of -9.13 and a beta of 0.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PolyMet Mining stock. Barclays PLC raised its position in shares of PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) by 26.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,053 shares of the basic materials company’s stock after acquiring an additional 20,527 shares during the period. Barclays PLC’s holdings in PolyMet Mining were worth $203,000 at the end of the most recent reporting period. Institutional investors own 3.09% of the company’s stock.

About PolyMet Mining

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.