Platinum Group Metals Ltd. (AMEX:PLG) price on Friday, October 25, rose 9.50% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.19.
A look at the stock’s price movement, the close in the last trading session was $2.00, moving within a range at $1.94 and $2.27. The beta value (5-Year monthly) was 1.871. Turning to its 52-week performance, $2.10 and $0.94 were the 52-week high and 52-week low respectively. Overall, PLG moved 43.14% over the past month.
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Platinum Group Metals Ltd.’s market cap currently stands at around $224.43 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Dec-14.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PLG is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PLG’s current price about 32.97% and 50.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.19, while 7-day volatility ratio is 11.01% and 8.47% in the 30-day chart. Further, Platinum Group Metals Ltd. (PLG) has a beta value of 1.78, and an average true range (ATR) of 0.15.
If we refocus on Platinum Group Metals Ltd. (AMEX:PLG), historical trading data shows that trading volumes averaged 1.06 over the past 10 days and 436.33K over the past 3 months. The company’s latest data on shares outstanding shows there are 100.26 million shares.
The 26.60% of Platinum Group Metals Ltd.’s shares are in the hands of company insiders while institutional holders own 18.08% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.33 million on 2024-09-30, giving us a short ratio of 4.12. The data shows that as of 2024-09-30 short interest in Platinum Group Metals Ltd. (PLG) stood at 185.0 of shares outstanding, with shares short rising to 1.3 million registered in 2024-08-30. Current price change has pushed the stock 92.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLG stock continues to rise going into the next quarter.
