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

Platinum Group Metals Ltd. (NYSEAMERICAN:PLGGet Rating) (TSE:PTM)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $1.67. Platinum Group Metals shares last traded at $1.59, with a volume of 355,511 shares trading hands.

Platinum Group Metals Stock Down 0.6 %

The stock has a market cap of $158.34 million, a P/E ratio of -22.71 and a beta of 1.65.

Platinum Group Metals (NYSEAMERICAN:PLGGet Rating) (TSE:PTM) last issued its quarterly earnings data on Wednesday, November 23rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Platinum Group Metals

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Platinum Group Metals in the first quarter valued at approximately $143,000. PEAK6 Investments LLC acquired a new stake in Platinum Group Metals in the first quarter valued at approximately $55,000. Goldman Sachs Group Inc. acquired a new stake in Platinum Group Metals in the first quarter valued at approximately $51,000. Shepherd Financial Partners LLC purchased a new position in shares of Platinum Group Metals during the first quarter valued at approximately $42,000. Finally, Sprott Inc. purchased a new position in shares of Platinum Group Metals during the first quarter valued at approximately $25,000. 12.87% of the stock is currently owned by institutional investors.

About Platinum Group Metals

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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 Western Bushveld complex, South Africa.

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