Sanctuary Advisors LLC purchased a new position in Platinum Group Metals Ltd. (NYSE:PLG – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund purchased 25,000 shares of the company’s stock, valued at approximately $36,000.
A number of other large investors have also modified their holdings of PLG. XTX Topco Ltd purchased a new position in Platinum Group Metals in the third quarter valued at $30,000. MCIA Inc acquired a new stake in Platinum Group Metals in the 3rd quarter valued at about $41,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Platinum Group Metals in the 3rd quarter valued at about $1,263,000. Hedge funds and other institutional investors own 16.33% of the company’s stock.
Platinum Group Metals Stock Performance
PLG stock opened at $1.28 on Wednesday. Platinum Group Metals Ltd. has a fifty-two week low of $0.96 and a fifty-two week high of $2.27. The company’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.55. The firm has a market capitalization of $131.44 million, a price-to-earnings ratio of -21.33 and a beta of 1.73.
About Platinum Group Metals
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.
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