Platinum Group Metals (NYSEAMERICAN:PLG) Share Price Crosses Above 50 Day Moving Average of $0.00

Platinum Group Metals Ltd. (NYSEAMERICAN:PLG) (TSE:PTM) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $2.37. Platinum Group Metals shares last traded at $2.36, with a volume of 700,349 shares trading hands.

The company has a market cap of $184.97 million, a price-to-earnings ratio of -16.40 and a beta of 1.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.45 and a current ratio of 3.45.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last announced its earnings results on Thursday, July 15th. The basic materials company reported ($0.03) earnings per share for the quarter.

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of Platinum Group Metals by 726.5% during the 1st quarter. Royal Bank of Canada now owns 7,042 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 6,190 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Platinum Group Metals during the 1st quarter valued at $46,000. Sigma Planning Corp bought a new stake in shares of Platinum Group Metals during the 2nd quarter valued at $73,000. Renaissance Technologies LLC grew its position in shares of Platinum Group Metals by 222.4% during the 1st quarter. Renaissance Technologies LLC now owns 83,506 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 57,606 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Platinum Group Metals during the 2nd quarter valued at $360,000. 24.59% of the stock is owned by hedge funds and other institutional investors.

About Platinum Group Metals (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. operates as a mining company. It focuses on production of platinum and palladium. The firm deals with waterberg project located on the Northern Limb of the Bushveld Complex in South Africa. The company was founded by R. Michael Jones on January 10, 2000 and is headquartered in Vancouver, Canada.

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