Company Shares of Platinum Group Metals Ltd. (NYSEMKT:PLG) Drops by -12.63%

Platinum Group Metals Ltd. (NYSEMKT:PLG) has risen sharply, recording gains of 24.01% in the past 4 weeks. However, the stock has corrected -12.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 22.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The company shares have rallied 810.53% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $4.04 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $3.07 and the 200 Day Moving Average price is recorded at $2.55.

The stock has recorded a 20-day Moving Average of 10.42% and the 50-Day Moving Average is 12.39%.


Platinum Group Metals Ltd. (NYSEMKT:PLG): On Fridays trading session , Opening price of the stock was $3.49 with an intraday high of $3.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.34. However, the stock managed to close at $3.46, a loss of 1.14% for the day. On the previous day, the stock had closed at $3.5. The total traded volume of the day was 755,649 shares.

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 Companys 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 Companys exploration on prospecting rights on the Waterberg Extension Project.

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