Shares of Platinum Group Metals Ltd. (NYSE:PLG - Get Free Report) rose 5.5% during mid-day trading on Wednesday . The company traded as high as $1.43 and last traded at $1.43. Approximately 175,866 shares were traded during trading, a decline of 50% from the average daily volume of 354,960 shares. The stock had previously closed at $1.36.
Platinum Group Metals Price Performance
The company has a market capitalization of $138.35 million, a price-to-earnings ratio of -19.14 and a beta of 1.71. The firm has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.42.
Platinum Group Metals (NYSE:PLG - Get Free Report) last released its quarterly earnings data on Thursday, July 11th. The company reported ($0.02) earnings per share for the quarter.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Platinum Group Metals stock. Franklin Resources Inc. boosted its position in Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,252,279 shares of the company's stock after buying an additional 97,760 shares during the period. Franklin Resources Inc. owned approximately 12.93% of Platinum Group Metals worth $15,045,000 at the end of the most recent quarter. 16.33% of the stock is owned by hedge funds and other institutional investors.
Platinum Group Metals Company Profile
(
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Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.
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