Polymet Mining (PLM) Trading Up 14.3%

Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) shares were up 14.3% during mid-day trading on Tuesday . The company traded as high as $0.75 and last traded at $0.72. Approximately 1,020,400 shares were traded during trading, an increase of 387% from the average daily volume of 209,708 shares. The stock had previously closed at $0.63.

Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last announced its quarterly earnings results on Thursday, September 14th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01).

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

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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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