Is Platinum Group Metals Limited (PLG) Stock About to Get Hot Wednesday?

Platinum Group Metals Limited (PLG) stock is up 1.40% over the past week and gets a Bullish rating from InvestorsObserver 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PLG Stock Today?

Platinum Group Metals Limited (PLG) stock is trading at $1.45 as of 12:19 PM on Wednesday, Apr 5, a drop of -$0.03, or -2.36% from the previous closing price of $1.49. The stock has traded between $1.43 and $1.53 so far today. Volume today is below average. So far 152,577 shares have traded compared to average volume of 218,702 shares. To see InvestorsObserver's Sentiment Score for 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.