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

Equities researchers at StockNews.com assumed coverage on shares of Polymet Mining (NYSE:PLM) in a report issued on Sunday. The firm set a “hold” rating on the stock.

Polymet Mining Stock Performance

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

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