Shares of Platinum Group Metals Limited (TSE:PTM) (NYSE:PLG) dropped 4.7% on Tuesday . The company traded as low as C$0.61 and last traded at C$0.61. Approximately 53,530 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 108,437 shares. The stock had previously closed at C$0.64.
The stock’s market capitalization is $89.07 million. The firm has a 50 day moving average price of $0.57 and a 200 day moving average price of $1.13.
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Platinum Group Metals Limited Company Profile
Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project.
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