Pre-Market Technical Pulse on Metals & Minerals Stocks -- Platinum Group Metals, Taseko Mines, Ferroglobe, and Smart Sand

NEW YORK, August 17, 2017 /PRNewswire/ --

If you want a Stock Review on PLG, TGB, GSM, or SND then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. For the Industrial Metals industry, demand will remain strong in the years to come given their varied uses, according to a Zacks report. While industrial metals would gain from healthy momentum in Automotive and Construction, the industry remains saddled by a number of headwinds. This morning, DailyStockTracker.com has lined up for review these four equities: Platinum Group Metals Ltd (NYSE MKT: PLG), Taseko Mines Ltd (NYSE MKT: TGB), Ferroglobe PLC (NASDAQ: GSM), and Smart Sand Inc. (NASDAQ: SND). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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Platinum Group Metals 

Vancouver, Canada headquartered Platinum Group Metals Ltd's stock finished Wednesday's session 6.50% higher at $0.55 with a total trading volume of 421,874 shares. The Company's shares are trading 30.35% below their 50-day moving average. Shares of the Company, which operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada, have a Relative Strength Index (RSI) of 35.40.

On August 04^th, 2017, Platinum Group Metals announced that the transfer of all Waterberg Prospecting Rights held by the Company to a dedicated joint venture corporation, Waterberg JV Resources (Pty) Ltd, has been approved by the South African Department of Mineral Resources. The Waterberg Project is one of the few, large palladium dominant deposits in the world. Platinum Group Metals RSA Pty Ltd, which is 100% owned by the Company, owns a 45.65% direct interest in the Waterberg Project. PLG complete research report is just a click away at:
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Taseko Mines 

On Wednesday, shares in Vancouver, Canada headquartered Taseko Mines Ltd recorded a trading volume of 2.30 million shares, which was above their three months average volume of 591,540 shares. The stock ended the session 7.84% higher at $1.65. The Company's shares have surged 21.32% in the last one month, 32.00% in the previous three months, and 93.59% on an YTD basis. The stock is trading 22.70% above its 50-day moving average and 42.47% above its 200-day moving average. Moreover, shares of Taseko Mines, which acquires, develops, and operates mineral properties in Canada and the US, have an RSI of 66.33.

On July 19^th, 2017, Taseko Mines announced that mining and milling operations at the Gibraltar Mine have been restarted following a four-day period in which the mine had been idled due to restricted site access caused by wild fires in the region. The complimentary report on TGB can be downloaded at:
http://dailystocktracker.com/registration/?symbol=TGB

Ferroglobe 

London, the UK headquartered Ferroglobe PLC's shares closed the day 1.69% higher at $13.25. The stock recorded a trading volume of 547,644 shares. The Company's shares have gained 5.66% in the last month, 50.40% over the previous three months, and 22.35% on an YTD basis. The stock is trading 10.27% and 22.45% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ferroglobe, which operates in the silicon and specialty metals industry in the US, Europe, and internationally, have an RSI of 70.22.

On July 26^th, 2017, Ferroglobe announced that the Company has not received the necessary regulatory approvals from Entidade Pública Empresarial Augas de Galicia (the water authority) to divest non-core assets attributable to the hydro-electric power operations of its Energy division in Spain. The Company will explore all options, including alternatives, to gain formal approval for the divestiture of these non-core assets for capturing the full value of these assets. Sign up for your complimentary report on GSM at:
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Smart Sand 

Shares in The Woodlands, Texas headquartered Smart Sand Inc. finished 0.60% higher at $5.06. The stock recorded a trading volume of 754,964 shares. The Company's shares are trading below their 50-day moving average by 31.39%. Furthermore, shares of Smart Sand, which engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the US, have an RSI of 31.99.

On July 20^th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'.

On August 10^th, 2017, Smart Sand announced results for Q2 ended June 30^th, 2017. Revenues for the quarter were approximately $29.8 million, net income was $2.6 million, and adjusted EBITDA was $6.5 million. Tons sold totaled approximately 531,000 in Q2 2017 compared with approximately 193,000 tons sold during the same period last year - a 175% increase year-over-year. Additionally, capital expenditures totaled $6.1 million for the quarter ended June 30^th, 2017. Download the research report for free on SND at:
http://dailystocktracker.com/registration/?symbol=SND

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