Date: Nov 19, 2018
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) shot up 11.8% during mid-day trading on Friday . The company traded as high as $0.20 and last traded at $0.19. 1,370,849 shares traded hands during trading, an increase of 10% from the average session volume of 1,249,611 shares. The stock had previously closed at $0.17.
Several hedge funds have recently modified their holdings of the company. CQS Cayman LP grew its position in shares of Platinum Group Metals by 338.7% during the 3rd quarter. CQS Cayman LP now owns 4,317,158 shares of the basic materials company’s stock valued at $767,000 after acquiring an additional 3,333,000 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its holdings in Platinum Group Metals by 123.8% in the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 36,160,609 shares of the basic materials company’s stock worth $3,813,000 after buying an additional 20,000,000 shares during the period. Finally, Investec Asset Management LTD bought a new position in Platinum Group Metals in the 2nd quarter worth $132,000.
