The stock of Platinum Group Metals Limited (TSE:PTM) is a huge mover today! About 25,525 shares traded hands. Platinum Group Metals Limited (TSE:PTM) has declined 53.70% since April 12, 2016 and is downtrending. It has underperformed by 58.38% the S&P500.
The move comes after 6 months positive chart setup for the $237.25M company. It was reported on Nov, 16 by Barchart.com. We have $4.98 PT which if reached, will make TSE:PTM worth $322.66 million more.
More 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 Reuters.com published the news titled: “BRIEF-Platinum Group Metals Ltd. announces increase to Sprott Credit Facil…” on October 12, 2016. Marketwired.com‘s news article titled: “Platinum Group Metals Ltd. Announces Positive Independent Pre-Feasibility …” with publication date: October 19, 2016 was also an interesting one.
Platinum Group Metals Ltd. is an exploration- and development-stage Company. The company has a market cap of $237.25 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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