Shares of Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) rose 7.5% during trading on Thursday . The company traded as high as $0.43 and last traded at $0.43. Approximately 673,332 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 595,341 shares. The stock had previously closed at $0.40.
Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01).
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new position in Polymet Mining during the first quarter valued at approximately $74,000. Northwestern Mutual Wealth Management Co. purchased a new position in Polymet Mining during the first quarter valued at approximately $68,000. Virtu Financial LLC lifted its holdings in 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 purchasing an additional 91,624 shares in the last quarter. LPL Financial LLC lifted its holdings in Polymet Mining by 59.2% during the fourth quarter. LPL Financial LLC now owns 186,450 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 69,345 shares in the last quarter. Finally, SNS Financial Group LLC purchased a new position in Polymet Mining during the first quarter valued at approximately $26,000.
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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