Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 7,225,247 shares, a growth of 5.3% from the February 15th total of 6,861,142 shares. Currently, 9.4% of the company’s stock are sold short. Based on an average trading volume of 394,879 shares, the short-interest ratio is presently 18.3 days.
Platinum Group Metals (PLG) remained flat at $$0.32 during trading hours on Friday. 793,022 shares of the stock were exchanged, compared to its average volume of 946,516. Platinum Group Metals has a 1 year low of $0.28 and a 1 year high of $1.72. The stock has a market cap of $47.51, a PE ratio of -0.08 and a beta of 2.85.
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Platinum Group Metals 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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