Market Momentum Report: Platinum Group Metals Ltd. (PLG)’s Positive Close at 1.28

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The price of Platinum Group Metals Ltd. (AMEX: PLG) closed at $1.28 in the last session, up 1.59% from day before closing price of $1.26. In other words, the price has increased by $1.59 from its previous closing price. On the day, 0.15 million shares were traded. PLG stock price reached its highest trading level at $1.2882 during the session, while it also had its lowest trading level at $1.22.

Ratios:

We take a closer look at PLG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 21.11 and its Current Ratio is at 21.11. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

On June 07, 2013, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $1.50.

RBC Capital Mkts Upgraded its Sector Perform to Outperform on January 23, 2013, whereas the target price for the stock was revised from $1.50 to $1.75.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLG now has a Market Capitalization of 131174400 and an Enterprise Value of 149530592.

Stock Price History:

Over the past 52 weeks, PLG has reached a high of $2.07, while it has fallen to a 52-week low of $0.94. The 50-Day Moving Average of the stock is -18.22%, while the 200-Day Moving Average is calculated to be -3.16%.

Shares Statistics:

According to the various share statistics, PLG traded on average about 411.44K shares per day over the past 3-months and 210070 shares per day over the past 10 days. A total of 100.26M shares are outstanding, with a floating share count of 75.21M. Insiders hold about 26.61% of the company’s shares, while institutions hold 18.08% stake in the company. Shares short for PLG as of 1723680000 were 1283440 with a Short Ratio of 3.12, compared to 1721001600 on 1207555. Therefore, it implies a Short% of Shares Outstanding of 1283440 and a Short% of Float of 1.78.

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