Platinum Group Metals (TSE:PTM) Director Frank Hallam Sells 20,000 Shares

Key Points

• Director Frank Hallam of Platinum Group Metals sold 20,000 shares at an average price of C$4.16, totaling C$83,200, reducing his ownership by 9.84% to 183,200 shares.
• Following the sale, the stock price of Platinum Group Metals decreased to C$3.85, despite a trading volume significantly higher than its average.
• Platinum Group Metals operates the Waterberg Project in South Africa, which is expected to be a major producer of palladium, platinum, rhodium, and gold.

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG Director Frank Hallam sold 20,000 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$4.16, for a total transaction of C$83,200.00. Following the completion of the transaction, the director owned 183,200 shares of the company's stock, valued at approximately C$762,112. The trade was a 9.84% decrease in their position.

Platinum Group Metals Stock Performance

PTM traded down C$0.08 on Tuesday, reaching C$3.85. The company had a trading volume of 241,889 shares, compared to its average volume of 65,703. Platinum Group Metals Ltd. has a 1 year low of C$1.39 and a 1 year high of C$4.27. The stock has a market capitalization of C$431.79 million, a PE ratio of -96.25 and a beta of 1.74. The company has a quick ratio of 11.34, a current ratio of 2.66 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of C$2.47 and a 200-day moving average price of C$2.12.

Platinum Group Metals Company Profile

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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