Overall market sentiment has been down on Polymet Mining Corp (PLM) stock lately. PLM receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With PLM Stock Today?
Polymet Mining Corp (PLM) stock is trading at $3.22 as of 9:55 AM on Thursday, Sep 10, a loss of -$0.04, or -1.23% from the previous closing price of $3.26. The stock has traded between $3.18 and $3.30 so far today. Volume today is light. So far 93,012 shares have traded compared to average volume of 4,172,967 shares.
To see InvestorsObserver's Sentiment Score for Polymet Mining Corp 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.
Click Here to get the full Stock Score Report on Polymet Mining Corp (PLM) Stock.
