The Manufacturers Life Insurance Company Takes Position in Platinum Group Metals Ltd. (NYSE:PLG)

The Manufacturers Life Insurance Company bought a new position in Platinum Group Metals Ltd. (NYSE:PLG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 883,365 shares of the company’s stock, valued at approximately $1,263,000. The Manufacturers Life Insurance Company owned approximately 0.86% of Platinum Group Metals at the end of the most recent quarter.

Platinum Group Metals Stock Up 1.3 %

NYSE:PLG opened at $1.52 on Thursday. The business’s 50-day simple moving average is $1.69 and its two-hundred day simple moving average is $1.59. Platinum Group Metals Ltd. has a 52 week low of $0.96 and a 52 week high of $2.27. The stock has a market cap of $156.09 million, a PE ratio of -25.33 and a beta of 1.73.

About Platinum Group Metals

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.