Platinum Group Metals Limited (USA) (PLG) was Upgraded by CIBC to ” Sector Perform”. Earlier the firm had a rating of “Sector Underperform ” on the company shares. CIBC advised their investors in a research report released on Jun 27, 2016.
Platinum Group Metals Limited (USA) opened for trading at $3.01 and hit $3.14 on the upside on Friday, eventually ending the session at $3.06, with a gain of 6.25% or 0.18 points. The heightened volatility saw the trading volume jump to 14,42,697 shares. Company has a market cap of $237 M.
Platinum Group Metals Ltd. (Platinum Group) is a platinum-focused exploration and development company. Platinum Group conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. The Company’s business is focused on the construction of the Project 1 platinum mine and the exploration and initial engineering on the Waterberg Platinum deposit where the Company is the operator of the 255 square kilometers Waterberg joint venture project (the Waterberg JV Project) with the Japan Oil Gas and Metals National Corporation (JOGMEC) and Mnombo Wethu Consultants (Pty) Ltd. (Mnombo). The Company is the operator of the Waterberg Projects consisting of the Waterberg JV Project and the Company’s exploration on prospecting rights on the Waterberg Extension Project.