The Manufacturers Life Insurance Company acquired a new position in shares of Platinum Group Metals Ltd. (NYSE:PLG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 883,365 shares of the company's stock, valued at approximately $1,263,000. The Manufacturers Life Insurance Company owned 0.86% of Platinum Group Metals at the end of the most recent quarter.
Platinum Group Metals Stock Down 6.3 %
Shares of PLG traded down $0.10 during midday trading on Thursday, reaching $1.43. 504,977 shares of the stock were exchanged, compared to its average volume of 422,971. Platinum Group Metals Ltd. has a 12-month low of $0.96 and a 12-month high of $2.27. The firm has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $1.59. The company has a market cap of $146.33 million, a price-to-earnings ratio of -25.33 and a beta of 1.73.
Platinum Group Metals Company Profile
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Free Report)
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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