#6 - Platinum Group Metals (NYSE:PLG)
Under the heading of all that glitters is not necessarily gold, investors should consider investing in Platinum Group Metals (NYSEAMERICAN:PLG). This could classify for some as a penny stock, but it’s an intriguing play for investors interested in investing in platinum and palladium.
This past summer, the company received a new patent for technology that is designed to accelerate the development of “next generation” lithium-sulphur batteries. These batteries aren’t drawing as much attention as lithium-ion batteries, but they have the potential to increase the power-to-weight ratios. To that end, the company is researching ways its proprietary technology may boost the performance of lithium-ion batteries.
After a strong 2020 in which the company benefited from increased demand for both metals, PLG stock has taken a beating in 2021. But in the last month, the stock has rallied 19%. With a beta of 1.99, this is a volatile and speculative stock. However, as a play on what is likely to be an extended rally in precious metals, it should be on your watch list.
About Platinum Group Metals
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.
Read More - Current Price
- $1.17
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
