For the readers interested in the stock health of Platinum Group Metals Ltd. (PLG). It is currently valued at $4.90. When the transactions were called off in the previous session, Stock hit the highs of $5.18, after setting-off with the price of $5.15. Company’s stock value dipped to $4.85 during the trading on the day. When the trading was stopped its value was $5.13.
Recently in News on December 8, 2020, Platinum Group Metals Ltd. Closes Non-Brokered Private Placement with Largest Shareholder. Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – December 8, 2020) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group” or the “Company”) reports closing of a non-brokered private placement of common shares at price of US$2.23 per common share as previously announced by the Company on December 1, 2020. An aggregate of 1,121,076 common shares were subscribed for and issued to existing major beneficial shareholder, Hosken Consolidated Investments Limited (“HCI”) through its subsidiary Deepkloof Limited, resulting in gross proceeds to the Company of US$2,499,999.48 (the “Private Placement”). Closing of the Private Placement allows HCI to maintain the greater than 31% interest in the Company that they held prior to the at-the-market offering completed by the Company on December 1, 2020. You can read further details here
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Platinum Group Metals Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.27 on 12/11/20, with the lowest value was $0.86 for the same time period, recorded on 03/16/20.
Platinum Group Metals Ltd. (PLG) full year performance was 237.93%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Platinum Group Metals Ltd. shares are logging -21.85% during the 52-week period from high price, and 472.36% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.86 and $6.27.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 2514222 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Platinum Group Metals Ltd. (PLG) recorded performance in the market was 189.94%, having the revenues showcasing 145.00% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 366.67M, as it employees total of 111 workers.
Specialists analysis on Platinum Group Metals Ltd. (PLG)
During the last month, 0 analysts gave the Platinum Group Metals Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.48, with a change in the price was noted +2.74. In a similar fashion, Platinum Group Metals Ltd. posted a movement of +126.85% for the period of last 100 days, recording 1,441,105 in trading volumes.
Trends and Technical analysis: Platinum Group Metals Ltd. (PLG)
Raw Stochastic average of Platinum Group Metals Ltd. in the period of last 50 days is set at 70.02%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 66.75%. In the last 20 days, the company’s Stochastic %K was 69.66% and its Stochastic %D was recorded 71.70%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 189.94%. Additionally, trading for the stock in the period of the last six months notably improved by 255.07%, alongside a boost of 237.93% for the period of the last 12 months. The shares increased approximately by -7.55% in the 7-day charts and went down by 132.23% in the period of the last 30 days. Common stock shares were driven by 145.00% during last recorded quarter.