Polymet Mining Corp (PLM) stock is higher by 11.82% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PLM Stock Today?
Polymet Mining Corp (PLM) stock is trading at $3.88 as of 1:48 PM on Tuesday, Jan 19, an increase of $0.31, or 8.68% from the previous closing price of $3.57. The stock has traded between $3.58 and $4.05 so far today. Volume today is high. So far 2,436,635 shares have traded compared to average volume of 480,699 shares.
To see the top 5 stocks in the Other Industrial Metals & Minerals industry click here.
More About Polymet Mining Corp
PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The company ultimately plans to produce metals such as copper, nickel, cobalt, platinum, palladium, and gold.
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