Platinum Group Metals (PLG) Stock Price Down 7.4%

Date: Oct 9, 2018

Shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) were down 7.4% on Monday . The stock traded as low as $0.16 and last traded at $0.17. Approximately 818,402 shares changed hands during trading, a decline of 36% from the average daily volume of 1,272,930 shares. The stock had previously closed at $0.18.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last released its earnings results on Monday, July 16th. The basic materials company reported ($0.05) earnings per share for the quarter.

A hedge fund recently bought a new stake in Platinum Group Metals stock. Investec Asset Management LTD acquired a new stake in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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