Platinum Group Metals (NYSEAMERICAN:PLG) Stock Crosses Above 50 Day Moving Average of $0.00

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $1.35. Platinum Group Metals shares last traded at $1.30, with a volume of 319,912 shares changing hands.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last announced its quarterly earnings data on Tuesday, January 14th. The basic materials company reported $0.01 earnings per share for the quarter.

A hedge fund recently raised its stake in Platinum Group Metals stock. Sprott Inc. increased its holdings in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 730.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,046,472 shares of the basic materials company’s stock after purchasing an additional 1,800,000 shares during the period. Sprott Inc. owned 3.28% of Platinum Group Metals worth $3,488,000 as of its most recent filing with the SEC.

About Platinum Group Metals (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.

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