Platinum Group Metals (TSE:PTM) Insider Sells C$19,634.88 in Stock

Key Points

• Insider Activity: Gregory Edward Blair sold 4,344 shares of Platinum Group Metals stock for C$19,634.88, reducing his ownership by 6.25% to 65,165 shares.
• Recent Stock Performance: The stock experienced a decline of 6.8%, trading at C$3.71 after dropping C$0.27 during trading.
• Company Profile: Platinum Group Metals operates the Waterberg Project in South Africa, aiming to become a significant low-cost producer of precious metals such as palladium and platinum.

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG insider Gregory Edward Blair sold 4,344 shares of Platinum Group Metals stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$4.52, for a total value of C$19,634.88. Following the sale, the insider directly owned 65,165 shares in the company, valued at C$294,545.80. The trade was a 6.25% decrease in their ownership of the stock.

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

• On Thursday, October 9th, Gregory Edward Blair sold 7,000 shares of Platinum Group Metals stock. The shares were sold at an average price of C$4.46, for a total value of C$31,220.00.

Platinum Group Metals Trading Down 6.8%

Shares of PTM stock traded down C$0.27 during mid-day trading on Friday, reaching C$3.71. 409,110 shares of the stock traded hands, compared to its average volume of 72,213. The stock's fifty day simple moving average is C$2.59 and its two-hundred day simple moving average is C$2.17. Platinum Group Metals Ltd. has a 1-year low of C$1.39 and a 1-year high of C$4.64. The company has a market cap of C$416.09 million, a price-to-earnings ratio of -92.75 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.

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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