Polymet Mining (PLM) Trading Up 20.4%
Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM)’s share price was up 20.4% during mid-day trading on Tuesday . The company traded as high as $0.60 and last traded at $0.59. Approximately 1,554,700 shares changed hands during trading, an increase of 130% from the average daily volume of 676,996 shares. The stock had previously closed at $0.49.
Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last issued its earnings results on Friday, March 29th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01).
A number of hedge funds and other institutional investors have recently modified their holdings of PLM. Carlson Capital Management acquired a new position in Polymet Mining in the 4th quarter worth about $28,000. Lincoln National Corp raised its holdings in shares of Polymet Mining by 37.2% during the fourth quarter. Lincoln National Corp now owns 92,619 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 25,088 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Polymet Mining by 454.3% during the first quarter. Virtu Financial LLC now owns 111,793 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 91,624 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Polymet Mining during the first quarter valued at approximately $89,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Polymet Mining during the third quarter valued at approximately $130,000.
About Polymet Mining (NYSEAMERICAN:PLM)
PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering an area of approximately 4,300 acres located in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd.
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