PLG Stock Summary and Trading Ideas (Platinum Gr Metals | AMEX:PLG)

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Platinum Gr Metals trades on the AMEX stock market under the symbol PLG.

As of April 23, 2024, PLG stock price declined to $1.31 with 102,134 million shares trading.

PLG has a beta of 0.35, meaning it tends to be less sensitive to market movements. PLG has a correlation of 0.01 to the broad based SPY ETF.

PLG has a market cap of $134.25 million. This is considered a Micro Cap stock.

In the last 3 years, PLG stock traded as high as $5.34 and as low as $.94.

PLG has underperformed the market in the last year with a price return of -24.7% while the SPY ETF gained +24.3%. However, in the short term, PLG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +29.7% vs +4.9% return in SPY. But in the last 2 weeks, PLG shares have been beat by the market, returning -12.1% compared to an SPY return of -2.5%.

PLG support price is $1.25 and resistance is $1.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLG stock will trade within this expected range on the day.