Gregory Edward Blair Sells 7,000 Shares of Platinum Group Metals (TSE:PTM) Stock

Key Points

• Gregory Edward Blair, an insider at Platinum Group Metals Ltd., sold 7,000 shares at an average price of C$4.46, totaling approximately C$31,220, reducing his ownership by 10.74%.
• The company's stock is currently trading at C$3.71, well below its fifty-two week high of C$4.64 and has experienced a trading volume of 402,010 shares recently.
• Platinum Group Metals operates the Waterberg Project in South Africa, which is expected to become a significant low-cost producer of valuable metals such as palladium and platinum.

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG insider Gregory Edward Blair sold 7,000 shares of Platinum Group Metals stock in a transaction on Thursday, October 9th. The shares were sold at an average price of C$4.46, for a total value of C$31,220.00. Following the transaction, the insider directly owned 58,165 shares of the company's stock, valued at approximately C$259,415.90. The trade was a 10.74% decrease in their ownership of the stock.

Gregory Edward Blair also recently made the following trade(s):

• On Wednesday, October 8th, Gregory Edward Blair sold 4,344 shares of Platinum Group Metals stock. The shares were sold at an average price of C$4.52, for a total value of C$19,634.88.

Platinum Group Metals Price Performance

Shares of TSE:PTM traded down C$0.27 during midday trading on Friday, reaching C$3.71. The company's stock had a trading volume of 402,010 shares, compared to its average volume of 72,178. Platinum Group Metals Ltd. has a fifty-two week low of C$1.39 and a fifty-two week high of C$4.64. The company has a market capitalization of C$416.09 million, a P/E ratio of -92.75 and a beta of 1.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.66 and a quick ratio of 11.34. The business's fifty day simple moving average is C$2.59 and its 200-day simple moving average is C$2.17.

About Platinum Group Metals

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold.

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