Platinum Group Metals Ltd. (PLG) At $1.64 Offering A Unique Opportunity

Platinum Group Metals Ltd. (AMEX:PLG) currently has a daily average trading volume of 307.85K but it saw 1399949 shares traded in last market. With a market cap of 168.07M USD, the company’s current market price of $1.64 came rising about 12.33 while comparing to the previous closing price of $1.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.57 and as low as $0.94.

Taking a look at 20-day trading activity of Platinum Group Metals Ltd. (PLG) gives us an average price of $1.3710, while its current price level is 4.46% below from 52-week high level whereas it is 74.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2916 while that of 200 days or SMA-200 reads an average of $1.1569. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.72% during that period while stretching the period over a month that decreases to 7.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.36 which implies that the stock is in neutral territory.

RBC Capital Mkts also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $1.50 and $1.75.

Over the week, PLG’s stock price is moving 23.31% up while it is 30.16% when we observe its performance for the past one month. Year-to-date it is 43.86% up and over the past year, the stock is showing an upside performance of 5.13%.

Currently, Platinum Group Metals Ltd.’s total number of outstanding shares is 100.26M. Company’s return on investment (ROI) stands at -20.26% and return on equity (ROE) at -19.16%. Stock’s beta reads 1.61. Stock has a price to book (P/B) ratio of 6.60. Its return on asset (ROA) is -10.38% on average.