Platinum Group Metals (NYSEAMERICAN:PLG) Shares Up 2.2%

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $1.38 and last traded at $1.37, 810 shares changed hands during trading. A decline of 99% from the average session volume of 123,396 shares. The stock had previously closed at $1.34.

A hedge fund recently raised its stake in Platinum Group Metals stock. Liberty Mutual Group Asset Management Inc. lifted its stake in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 277.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,133,503 shares of the basic materials company’s stock after acquiring an additional 7,445,758 shares during the quarter. Platinum Group Metals comprises about 1.1% of Liberty Mutual Group Asset Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Liberty Mutual Group Asset Management Inc. owned 17.30% of Platinum Group Metals worth $14,896,000 at the end of the most recent reporting period.

Platinum Group Metals Company Profile (NYSEAMERICAN:PLG)

Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.

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