Polymet Mining (PLM) Trading Down 5.4%

Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM)’s share price traded down 5.4% on Tuesday . The stock traded as low as $1.03 and last traded at $1.06. 1,435,885 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,556,483 shares. The stock had previously closed at $1.12.

The firm has a market cap of $357.19, a price-to-earnings ratio of -26.50 and a beta of 1.00.

A hedge fund recently bought a new stake in Polymet Mining stock. Virtu KCG Holdings LLC acquired a new position in Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 316,532 shares of the basic materials company’s stock, valued at approximately $187,000. Virtu KCG Holdings LLC owned about 0.10% of Polymet Mining as of its most recent filing with the Securities and Exchange Commission.

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About Polymet Mining

PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.

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