Platinum Group Metals Ltd (AMEX:PLG) Decline -5.65%, More Rally Possible

EVTL

In last trading session, Platinum Group Metals Ltd (AMEX:PLG) saw 0.6 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $1.67 trading at -$0.1 or -5.65% at ring of the bell on the day assigns it a market valuation of $235.92M. That closing price of PLG’s stock is at a discount of -35.93% from its 52-week high price of $2.27 and is indicating a premium of 43.71% from its 52-week low price of $0.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.03 million shares which gives us an average trading volume of 545.62K if we extend that period to 3-months.

Platinum Group Metals Ltd (AMEX:PLG) trade information

Upright in the red during last session for losing -5.65%, in the last five days PLG remained trading in the red while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $1.67 price level, adding 9.19% to its value on the day. Platinum Group Metals Ltd’s shares saw a change of 46.49% in year-to-date performance and have moved -5.65% in past 5-day. Platinum Group Metals Ltd (AMEX:PLG) showed a performance of 8.44% in past 30-days. Number of shares sold short was 1.37 million shares which calculate 4.34 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 51.11% during past 5 years.

Platinum Group Metals Ltd (AMEX:PLG)’s Major holders

Insiders are in possession of 26.50% of company’s total shares while institution are holding 24.80 percent of that, with stock having share float percentage of 33.74%. Investors also watch the number of corporate investors in a company very closely, which is 24.80% institutions for Platinum Group Metals Ltd that are currently holding shares of the company. FRANKLIN RESOURCES INC is the top institutional holder at PLG for having 11.53 million shares of worth $19.42 million. And as of 2024-06-30, it was holding 11.2567 of the company’s outstanding shares.

The second largest institutional holder is SLATE PATH CAPITAL LP, which was holding about 0.9 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.8784 of outstanding shares, having a total worth of $1.53 million.