Platinum Group Metals (NYSEAMERICAN:PLG) Share Price Passes Above 50-Day Moving Average of $0.00

Shares of Platinum Group Metals Ltd. (NYSEAMERICAN:PLG) (TSE:PTM) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $2.37. Platinum Group Metals shares last traded at $2.36, with a volume of 700,349 shares.

The company has a market capitalization of $184.97 million, a price-to-earnings ratio of -16.40 and a beta of 1.99. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 1.35.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last issued its quarterly earnings data on Thursday, July 15th. The basic materials company reported ($0.03) EPS for the quarter.

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Platinum Group Metals by 726.5% in the first quarter. Royal Bank of Canada now owns 7,042 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 6,190 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Platinum Group Metals during the first quarter valued at $46,000. Sigma Planning Corp bought a new position in Platinum Group Metals during the second quarter valued at $73,000. Renaissance Technologies LLC grew its holdings in Platinum Group Metals by 222.4% during the first quarter. Renaissance Technologies LLC now owns 83,506 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 57,606 shares during the period. Finally, HighTower Advisors LLC bought a new position in Platinum Group Metals during the second quarter valued at $360,000. 24.59% of the stock is owned by institutional investors.

Platinum Group Metals Company Profile (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. operates as a mining company. It focuses on production of platinum and palladium. The firm deals with waterberg project located on the Northern Limb of the Bushveld Complex in South Africa. The company was founded by R. Michael Jones on January 10, 2000 and is headquartered in Vancouver, Canada.

Featured Article: Understanding the different types of bonds

Receive News & Ratings for Platinum Group Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platinum Group Metals and related companies with MarketBeat.com's FREE daily email newsletter.