Platinum Group Metals Target of Unusually High Options Trading (NYSE:PLG)

Platinum Group Metals Ltd. (NYSE:PLG) saw unusually large options trading activity on Monday. Investors bought 8,943 call options on the stock. This is an increase of approximately 208% compared to the typical volume of 2,903 call options.

Platinum Group Metals Price Performance

Shares of Platinum Group Metals stock traded up $0.14 during trading on Monday, reaching $3.61. 6,554,125 shares of the company traded hands, compared to its average volume of 5,329,668. The firm has a market capitalization of $444.52 million, a PE ratio of -59.90 and a beta of 1.19. Platinum Group Metals has a 1-year low of $0.99 and a 1-year high of $4.04. The company has a 50 day moving average price of $2.50 and a 200-day moving average price of $2.16.

Institutional Trading of Platinum Group Metals

Several large investors have recently made changes to their positions in the company. PFG Investments LLC bought a new stake in Platinum Group Metals in the 4th quarter valued at about $29,000. Dynamic Advisor Solutions LLC acquired a new stake in Platinum Group Metals in the fourth quarter valued at approximately $31,000. Cetera Investment Advisers increased its holdings in shares of Platinum Group Metals by 75.7% during the second quarter. Cetera Investment Advisers now owns 22,825 shares of the company’s stock valued at $35,000 after acquiring an additional 9,834 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Platinum Group Metals during the third quarter worth approximately $46,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Platinum Group Metals during the third quarter worth approximately $67,000. 16.33% of the stock is currently owned by institutional investors and hedge funds.

About Platinum Group Metals

Platinum Group Metals Ltd is a mineral exploration and development company focused on the discovery and advancement of platinum group metal (PGM) deposits. The company’s flagship asset is the Waterberg Joint Venture Project located in South Africa’s Bushveld Complex, one of the world’s premier PGM-producing regions. In addition to its Waterberg interests, Platinum Group Metals holds the Marathon PGM project near Thunder Bay, Ontario, which is being advanced towards feasibility on the strength of its high-grade PGM and gold mineralization.

Since its inception, the company has pursued a strategy of combining regional geological expertise with strategic partnerships to de-risk project development and enhance shareholder value.