Shares of Platinum Group Metals Ltd. (NYSE:PLG - Get Free Report) traded up 12.9% during trading on Wednesday . The stock traded as high as $3.36 and last traded at $3.15. 6,665,724 shares traded hands during trading, an increase of 487% from the average session volume of 1,134,997 shares. The stock had previously closed at $2.79.
Platinum Group Metals Stock Up 12.9%
The firm's 50 day moving average is $1.85 and its 200 day moving average is $1.56. The firm has a market capitalization of $354.60 million, a price-to-earnings ratio of -52.50 and a beta of 1.66.
Institutional Investors Weigh In On Platinum Group Metals
Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in 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 buying an additional 9,834 shares in the last quarter. Apella Capital LLC purchased a new stake in shares of Platinum Group Metals in the 2nd quarter valued at approximately $31,000. XTX Topco Ltd purchased a new stake in shares of Platinum Group Metals in the 2nd quarter valued at approximately $70,000. Jane Street Group LLC lifted its position in shares of Platinum Group Metals by 182.0% in the 2nd quarter. Jane Street Group LLC now owns 105,718 shares of the company's stock valued at $162,000 after acquiring an additional 68,223 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Platinum Group Metals in the 1st quarter valued at approximately $114,000. 16.33% of the stock is owned by hedge funds and other institutional investors.
About Platinum Group Metals
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Platinum Group Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Platinum Group Metals wasn't on the list.
While Platinum Group Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for October 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
