Polymet Mining (PLM) Sees Strong Trading Volume

Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) saw unusually-strong trading volume on Friday . Approximately 2,654,442 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 1,488,310 shares.The stock last traded at $0.99 and had previously closed at $0.90.

The company has a market cap of $308.08, a price-to-earnings ratio of -24.75 and a beta of 1.00.

A hedge fund recently bought a new stake in Polymet Mining stock. Virtu KCG Holdings LLC bought a new position in Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 filing with the Securities & 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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