Platinum Metals Group Ltd. (PTM) was the target of a large drop in short-term interest rates in October As of October 15, a short-term interest rate of 4,770,785 shares was down 9.9% compared to 282,238 shares. An average of 976,629 shares, the coverage ratio is currently 4.9 days.
A number of institutional investors recently made changes to their positions in PLG. Liberty Mutual Asset Management Group Ltd. increased its holdings in Platinum Metals Group by 123.8% in the second quarter.Liberty Asset Management Group Ltd. now holds 36,160,609 shares of the Company's basic materials stock valued at $ 3,813,000 after purchasing an additional $ 20,000,000 in the last quarter. CQS LP finished its platinum holdings in 338.7% in the third quarter. CQS LP currently has 4,317,158 shares of the base materials company at a value of $ 767,000 after acquiring 3,333,000 additional shares in the last quarter. Finally, Investec Asset Management Ltd. acquired a new position in the Platinum Group in the second quarter at a value of $ 132,000.
Platinum Metal Group shares were trading at $ 0.01 during the trading session on Friday, and totaled $ 0.19. 1,370,849 shares of the Company are traded hands, compared with an average volume of 1,249,610. Platinum Metals Group has twelve months low of $ 0.08 and a 12 month high of $ 0.58.
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On platinum group metals
Platinum Group Metals Ltd. operates as a platinum-focused research and development company in the Republic of South Africa and Canada.It mainly investigates for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium and vanadium deposits. The searches are located in the Bushlab compound in South Africa.
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