What’s Platinum Group Metals Limited Downside After Today’s Huge Decline?

 What's Platinum Group Metals Limited Downside After Today's Huge Decline?

The stock of Platinum Group Metals Limited (TSE:PTM) is a huge mover today! About 27,070 shares traded hands. Platinum Group Metals Limited (TSE:PTM) has declined 52.42% since April 7, 2016 and is downtrending. It has underperformed by 58.57% the S&P500.
The move comes after 6 months negative chart setup for the $235.76 million company. It was reported on Nov, 11 by Barchart.com. We have $1.90 PT which if reached, will make TSE:PTM worth $23.58 million less.

More important recent Platinum Group Metals Limited (TSE:PTM) news were published by: Marketwired.com which released: “Platinum Group Metals Ltd. Announces Increase to Sprott Credit Facility” on October 12, 2016, also Marketwired.com published article titled: “Platinum Group Metals Ltd. Announces Positive Independent Pre-Feasibility …”, Reuters.com published: “BRIEF-Platinum Group Metals Ltd. announces increase to Sprott Credit Facil…” on October 12, 2016. More interesting news about Platinum Group Metals Limited (TSE:PTM) was released by: Seekingalpha.com and their article: “Platinum Group Metals – Announced A Reverse Split 1:10 Effective On January 28 …” with publication date: January 26, 2016.

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The company has a market cap of $235.76 million. The Firm is focused on exploration and development of platinum. It currently has negative earnings. The Firm conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada.

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