How Will the Market React to Platinum Group Metals Limited (PLG) Stock Getting a Bullish Rating

Overall market sentiment has been high on Platinum Group Metals Limited (PLG) stock lately. PLG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Platinum Group Metals Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PLG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PLG Stock Today?

Platinum Group Metals Limited (PLG) stock has fallen -1.52% while the S&P 500 is up 1.25% as of 12:00 PM on Thursday, Jan 20. PLG is lower by -$0.03 from the previous closing price of $1.98 on volume of 1,165,908 shares. Over the past year the S&P 500 has risen 20.81% while PLG is lower by -55.98%. PLG lost -$0.19 per share in the over the last 12 months. To screen for more stocks like Platinum Group Metals Limited click here.

More About Platinum Group Metals Limited

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. Click Here to get the full Stock Report for Platinum Group Metals Limited stock.