The market has been down on Polymet Mining Corp (PLM) stock recently. PLM gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PLM Stock Today?
Polymet Mining Corp (PLM) stock is up 1.48% while the S&P 500 is down -1.06% as of 9:53 AM on Wednesday, Oct 7. PLM has risen $0.06 from the previous closing price of $4.06 on volume of 150,162 shares. Over the past year the S&P 500 has gained 14.76% while PLM has risen 16.38%. PLM lost -$0.64 per share in the over the last 12 months.
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.
