Stuart Harshaw Sells 9,000 Shares of Platinum Group Metals (TSE:PTM) Stock

Key Points

• Stuart Harshaw, a director at Platinum Group Metals, sold 9,000 shares of the company on October 8 for a total of C$40,590, significantly reducing his stake by 76.70%.
• The company's stock recently traded at C$3.71, down C$0.27, with a 52-week range of C$1.39 to C$4.64.
• Platinum Group Metals operates the Waterberg Project in South Africa, a promising site for producing palladium, platinum, rhodium, and gold.

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG Director Stuart Harshaw sold 9,000 shares of Platinum Group Metals stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$4.51, for a total value of C$40,590.00. Following the transaction, the director owned 2,734 shares of the company's stock, valued at C$12,330.34. The trade was a 76.70% decrease in their position.

Stuart Harshaw also recently made the following trade(s):

• On Wednesday, October 8th, Stuart Harshaw sold 2,734 shares of Platinum Group Metals stock. The stock was sold at an average price of C$4.50, for a total value of C$12,303.00.

Platinum Group Metals Stock Performance

Platinum Group Metals stock traded down C$0.27 during midday trading on Friday, reaching C$3.71. 402,010 shares of the company's stock were exchanged, compared to its average volume of 72,178. Platinum Group Metals Ltd. has a 52 week low of C$1.39 and a 52 week high of C$4.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 11.34 and a current ratio of 2.66. The firm has a market cap of C$416.09 million, a price-to-earnings ratio of -92.75 and a beta of 1.74. The stock's 50-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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