Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) rose 4.9% on Tuesday . The stock traded as high as $1.01 and last traded at $0.86. Approximately 643,300 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 227,351 shares. The stock had previously closed at $0.82.

The firm has a market cap of $272.39, a PE ratio of -22.00 and a beta of 1.01.

A hedge fund recently raised its stake in Polymet Mining stock. Royal Bank of Canada raised its stake in Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061,800 shares of the basic materials company’s stock after acquiring an additional 41,750 shares during the quarter. Royal Bank of Canada owned about 0.33% of Polymet Mining worth $626,000 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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