Genesis Asset Managers Llp Lowers stake in Platinum Group Metals Limited (USA) (PLG)

Platinum Group Metals Limited (USA) (PLG) : Genesis Asset Managers Llp reduced its stake in Platinum Group Metals Limited (USA) by 0.95% during the most recent quarter end. The investment management company now holds a total of 6,058,576 shares of Platinum Group Metals Limited (USA) which is valued at $18,963,343 after selling 58,333 shares in Platinum Group Metals Limited (USA) , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Platinum Group Metals Limited (USA) makes up approximately 0.92% of Genesis Asset Managers Llp’s portfolio.

Platinum Group Metals Limited (USA) closed down -0.03 points or -0.95% at $3.13 with 3,79,502 shares getting traded on Friday. Post opening the session at $3.11, the shares hit an intraday low of $3.003 and an intraday high of $3.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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.

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