Polymet Mining (TSE:POM) Stock Price Passes Above Fifty Day Moving Average of $0.53

Share on StockTwits

Polymet Mining Corp (TSE:POM) (NYSE:PLM)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.53 and traded as high as $0.49. Polymet Mining shares last traded at $0.47, with a volume of 3,500 shares.

The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 133.16. The stock has a market capitalization of $160.60 million and a price-to-earnings ratio of -11.46. The stock has a fifty day moving average price of C$0.53.

Polymet Mining (TSE:POM) (NYSE:PLM) last issued its earnings results on Monday, May 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities research analysts forecast that Polymet Mining Corp will post -0.030303 EPS for the current year.

In other Polymet Mining news, Director David Bruce Dreisinger sold 85,000 shares of Polymet Mining stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$0.51, for a total value of C$43,533.60. Following the completion of the transaction, the director now directly owns 232,769 shares of the company’s stock, valued at C$119,214.97. Insiders sold 184,000 shares of company stock valued at $94,330 over the last ninety days.

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.

Read More: What are the advantages of the Stochastic Momentum Index?

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.