Anglo American Platinum (OTCMKTS:AGPPF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Anglo American Platinum Limited (OTCMKTS:AGPPF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $83.49 and traded as high as $86.47. Anglo American Platinum shares last traded at $86.47, with a volume of 1,697 shares trading hands.

Anglo American Platinum Stock Performance

The business has a fifty day moving average of $73.16 and a 200-day moving average of $83.51.

Institutional Investors Weigh In On Anglo American Platinum

An institutional investor recently raised its position in Anglo American Platinum stock. Madison Asset Management LLC increased its stake in Anglo American Platinum Limited (OTCMKTS:AGPPF) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 48,297 shares of the company’s stock after buying an additional 175 shares during the quarter. Madison Asset Management LLC’s holdings in Anglo American Platinum were worth $1,193,000 at the end of the most recent quarter. 4.80% of the stock is currently owned by institutional investors.

About Anglo American Platinum

Anglo American Platinum Ltd (OTCMKTS: AGPPF), commonly known as Amplats, is the world’s largest primary producer of platinum group metals (PGMs). Headquartered in Johannesburg, South Africa, the company operates as a subsidiary of global mining group Anglo American plc, focusing on the full value chain of PGM production from exploration through to marketing.

Amplats’ core activities encompass the exploration, mining, processing, refining and sale of PGMs, including platinum, palladium, rhodium, ruthenium and iridium, with gold produced as a by-product.