Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) rose 0% during mid-day trading on Thursday . The company traded as high as $0.18 and last traded at $0.16. Approximately 1,355,167 shares changed hands during trading, an increase of 7% from the average daily volume of 1,262,726 shares. The stock had previously closed at $0.16.
Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its quarterly earnings results on Monday, July 16th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter.
A hedge fund recently bought a new stake in Platinum Group Metals stock. Investec Asset Management LTD acquired a new position in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,339,714 shares of the basic materials company’s stock, valued at approximately $132,000. Investec Asset Management LTD owned approximately 0.46% of Platinum Group Metals at the end of the most recent reporting period.
About Platinum Group Metals (NYSEAMERICAN:PLG)
Platinum Group Metals Ltd. operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada. It primarily explores for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium, and vanadium deposits. The company's key development project and exploration targets are located in the Bushveld Complex in South Africa.
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