Platinum Group Metals Ltd. (NYSE:PLG) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its stake in shares of Platinum Group Metals Ltd. (NYSE:PLG) by 22.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,051 shares of the company’s stock after selling 22,926 shares during the period. Virtu Financial LLC owned approximately 0.08% of Platinum Group Metals worth $114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLG. MCIA Inc purchased a new position in shares of Platinum Group Metals during the 3rd quarter worth approximately $41,000. XTX Topco Ltd purchased a new position in shares of Platinum Group Metals during the third quarter worth $30,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Platinum Group Metals in the third quarter valued at $1,263,000. 16.33% of the stock is owned by hedge funds and other institutional investors.

Platinum Group Metals Trading Down 4.1 %

PLG opened at $1.17 on Friday. The stock’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.57. Platinum Group Metals Ltd. has a 12-month low of $0.96 and a 12-month high of $2.27. The firm has a market cap of $120.14 million, a price-to-earnings ratio of -19.50 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.