Why PolyMet Mining Soared 66% Today
Shares of PolyMet Mining (NYSEMKT: PLM) are soaring 55% as of noon EDT, and traded with as much as a 70% gain this morning. Positive company-specific news has the stock bucking the recent market trend.
PolyMet is preparing to mine copper, nickel, and precious metals from the NorthMet ore body in Minnesota. The area contains the Mesabi Iron Range, which has been supplying iron ore to the nation's steel industry for more than a century. The iron range is located within a massive geologic formation known as the Duluth Complex.
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Source Fool.com