Platinum Group Metals (PLG) Shares Gap Up to $0.12

Shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) gapped up prior to trading on Wednesday . The stock had previously closed at $0.11, but opened at $0.12. Platinum Group Metals shares last traded at $0.14, with a volume of 3758643 shares changing hands.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its quarterly earnings data on Monday, July 16th. The basic materials company reported ($0.05) EPS for the quarter.

An institutional investor recently bought a new position in Platinum Group Metals stock. Investec Asset Management LTD acquired a new position in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,339,714 shares of the basic materials company’s stock, valued at approximately $132,000. Investec Asset Management LTD owned about 0.46% of Platinum Group Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Platinum Group Metals Company Profile (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada. It primarily explores for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium, and vanadium deposits. The company's key development project and exploration targets are located in the Bushveld Complex in South Africa.

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