Platinum Group Metals Limited (NYSEAMERICAN: PLG) (TSE: PTM) was the target of a large drop in interest in October. As of 15 October, a short interest rate of 4,770,781 shares was recorded, which represented a decrease by 9.9% compared to September 28, 2007. A total of 5,277,238 shares. Based on the average daily trading volume of 966,699 shares, the price-to-price ratio is currently 4.9 days.
Several institutional investors have recently introduced changes to their positions in PLG. Liberty Mutual Group Asset Management Inc. increased its share in the Metals Platinum Group by 123.8% in the second quarter. Liberty Mutual Group Asset Management Inc. currently holds 36,160,609 shares of the basic raw material package of USD 3,813,000 after the purchase of an additional 20,000,000 shares in the last quarter. CQS Cayman LP increased its share in the Platinum Metals Group by 338.7% in the third quarter. CQS Cayman LP currently holds 4,315,158 shares in the basic raw material package, valued at $ 767,000, after purchasing 3,333,000 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new position in the Platinum Group Metals in the second quarter, worth approximately USD 132,000.
The shares of Platinum Group Metals group reached USD 0.01 during trading hours on Friday, reaching USD 0.19. 1 370 849 shares of the company listed on the stock exchange, compared to the average of 1 249 610. Platinum Group Metals has the lowest level for twelve months by 0.08 USD and the highest level for twelve months worth 0.58 USD.
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Information about metals from the platinum group
Platinum Group Metals Ltd. operates as a platinum exploration and development company in South Africa and Canada. It mainly concerns deposits of platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium and vanadium. The company's key development project and exploration goals are in the Bushveld complex in South Africa.
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