Platinum Group Metals Limited (PLG) Sees Large Growth in Short Interest

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 6,861,142 shares, a growth of 4.1% from the January 31st total of 6,591,973 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 974,930 shares, the short-interest ratio is presently 7.0 days.

Platinum Group Metals (NYSEAMERICAN:PLG) remained flat at $$0.32 during mid-day trading on Wednesday. The stock had a trading volume of 364,006 shares, compared to its average volume of 962,681. The firm has a market cap of $47.51, a price-to-earnings ratio of -0.08 and a beta of 2.85. Platinum Group Metals has a 52-week low of $0.28 and a 52-week high of $1.74.

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Platinum Group Metals Company Profile

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project.

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