Home / Business / Active Broker’s Choice in Focus: General Motors (NYSE:GM), Platinum Group Metals (PLG), Teekay Tankers (NYSE:TNK)

Active Broker’s Choice in Focus: General Motors (NYSE:GM), Platinum Group Metals (PLG), Teekay Tankers (NYSE:TNK)

Shares of General Motors Firm (NYSE:GM) [Trend Analysis] swings enthusiastically in regular trading session, it an raise of 2.42% to close at $31.72. The leader of the union representing autoworkers in Canada stated thousands of factory employees will strike at two General Motors Co. plants if the sides miss a Monday night deadline for a new contract, threatening to disrupt the supply of engines that go into the firm’s sport-utility vehicles.

GM’s production of finished vehicles in Canada represents only a modest slice of the firm’s sprawling manufacturing footprint in North America, but a strike would affect an engine and transmission plant in St. Catharines,… Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.00%. The stock is going forward its fifty-two week low with 23.33% and lagging behind from its 52-week high price with -9.81%. GM last month stock price volatility remained 1.65%.

Platinum Group Metals Ltd. (NYSE:PLG) [Trend Analysis] retains strong position in active trade, as shares scoring 2.92% to $2.82 in a active trade session, while looking at the shares volume, about 277406 shares have changed hands in this session. Platinum Group Metals Ltd. (NYSE MKT:PLG) provided update on progress at its South African operations. Primary development at the Maseve Mine accessed mining Block 11 in mid-August.

Block 11 hosts some of the best grade thickness ore at the Maseve Mine and is an important part of the next several years of planned mining. Seam thickness where accessed is about 2.0 metres, with a well-developed and near flat dipping Merensky Reef present as modelled. Vertical channel sampling has returned assays of 7.4 grams per tonne platinum, palladium, rhodium and gold over a true width of 193 cm. This block is amenable to bord and pillar stoping utilizing efficient mechanized mining methods.

CEO R. Michael Jones commented “Access to Block 11 has been a primary objective for the last two years. We are very happy to find the reef in this area as good or better than predictable. We are presently driving primary access along Block 11. Breakaway drives for mining are also in process. We are excited to mine the excellent tonnes and grade accessible in Block 11 as we continue to drive for volume.” The firm has institutional ownership of 27.40%, while insider ownership included 2.50%. PLG attains analyst recommendation of 2.20 with week’s performance of -1.74%. Investors looking additional ahead will note that the Price to next year’s EPS is 25.00%.

Teekay Tankers Ltd. (NYSE:TNK) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -2.33% to 2.52 with about 1.13 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 0.80% and lagging behind from its 52-week high price with -68.14%.

Same, the positive performance for the quarter recorded as -20.56% and for the year was -60.86%, while the YTD performance remained at -60.50%. TNK has Average True Range for 14 days of 0.11.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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