Platinum Group Metals (NYSEAMERICAN:PLG) Trading Up 12.9%

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM)’s share price was up 12.9% during trading on Tuesday . The stock traded as high as $1.67 and last traded at $1.66, approximately 226,284 shares were traded during trading. An increase of 74% from the average daily volume of 130,068 shares. The stock had previously closed at $1.47.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its quarterly earnings results on Monday, July 15th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter.

A hedge fund recently raised its stake in Platinum Group Metals stock. Investec Asset Management LTD boosted its position in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 221.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 430,338 shares of the basic materials company’s stock after acquiring an additional 296,367 shares during the period. Investec Asset Management LTD owned 1.23% of Platinum Group Metals worth $566,000 as of its most recent SEC filing.

About Platinum Group Metals (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.

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