Shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) traded up 14.9% during mid-day trading on Thursday . The company traded as high as $0.17 and last traded at $0.17. 24,121 shares were traded during trading, a decline of 98% from the average session volume of 1,257,086 shares. The stock had previously closed at $0.15.
A hedge fund recently bought a new stake in Platinum Group Metals stock. Investec Asset Management LTD bought a new position in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,339,714 shares of the basic materials company’s stock, valued at approximately $132,000. Investec Asset Management LTD owned 0.46% of Platinum Group Metals as of its most recent filing with the Securities and Exchange Commission (SEC).
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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