Platinum Group Metals (PLG) Trading Down 5.5%
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) shares were down 5.5% during mid-day trading on Monday . The company traded as low as $0.16 and last traded at $0.17. Approximately 616,918 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,249,610 shares. The stock had previously closed at $0.19.
Several institutional investors have recently bought and sold shares of PLG. Investec Asset Management LTD purchased a new stake in shares of Platinum Group Metals in the second quarter valued at approximately $132,000. CQS Cayman LP boosted its stake in shares of Platinum Group Metals by 338.7% in the third quarter. CQS Cayman LP now owns 4,317,158 shares of the basic materials company’s stock valued at $767,000 after buying an additional 3,333,000 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Platinum Group Metals by 123.8% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 36,160,609 shares of the basic materials company’s stock valued at $3,813,000 after buying an additional 20,000,000 shares in the last quarter.
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About Platinum Group Metals (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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