PolyMet Mining (NYSEAMERICAN:PLM) Stock Price Crosses Above 200 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 trading hands.

PolyMet Mining Price Performance

The firm has a market cap of $408.37 million, a price-to-earnings ratio of -9.13 and a beta of 0.52.

Institutional Investors Weigh In On PolyMet Mining

An institutional investor recently raised its position in PolyMet Mining stock. Barclays PLC grew its position in PolyMet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,053 shares of the basic materials company’s stock after buying an additional 20,527 shares during the period. Barclays PLC’s holdings in PolyMet Mining were worth $203,000 as of its most recent SEC filing. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

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.