Polymet Mining (POM) Hits New 12-Month Low at $0.75
Polymet Mining Corp (TSE:POM) (NYSE:PLM)’s share price reached a new 52-week low on Monday . The stock traded as low as C$0.75 and last traded at C$0.76, with a volume of 77625 shares changing hands. The stock had previously closed at C$0.78.
The stock has a market capitalization of $224.83 million and a P/E ratio of -14.89. The company has a debt-to-equity ratio of 127.25, a current ratio of 0.07 and a quick ratio of 0.06.
In related news, Director David Bruce Dreisinger sold 30,000 shares of Polymet Mining stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of C$1.03, for a total transaction of C$30,955.32. Following the transaction, the director now owns 362,501 shares in the company, valued at C$374,044.48. In the last quarter, insiders have sold 39,631 shares of company stock worth $41,143.
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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