Polymet Mining (TSE:POM) Stock Price Crosses Below 50-Day Moving Average of $0.58

Polymet Mining Corp (TSE:POM) (NYSE:PLM)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.58 and traded as low as $0.52. Polymet Mining shares last traded at $0.54, with a volume of 69,000 shares changing hands.

The business’s fifty day moving average is C$0.58. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 133.16. The stock has a market capitalization of $189.38 million and a PE ratio of -13.41.

Polymet Mining (TSE:POM) (NYSE:PLM) last posted its quarterly earnings results on Monday, May 13th. The company reported C($0.02) EPS for the quarter. Equities research analysts predict that Polymet Mining Corp will post -0.03 earnings per share for the current year.

In other Polymet Mining news, Director David Bruce Dreisinger sold 57,600 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$0.51, for a total value of C$29,576.45. Following the completion of the transaction, the director now owns 169 shares of the company’s stock, valued at approximately C$86.78. In the last ninety days, insiders sold 184,000 shares of company stock valued at $94,330.

Polymet Mining Company Profile (TSE:POM)

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.

See Also: Back-End Load

Receive News & Ratings for Polymet Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polymet Mining and related companies with MarketBeat.com's FREE daily email newsletter.