Northam Platinum Reaches Highest Level In Three Months

Bloomberg reported Northam Platinum Ltd. (JSE:NHM) climbed to the highest in almost three months as a South African government fund acquired an additional stake.

As quoted in the market news:

The stock gained as much as 5.9 percent to 29.29 rand, the highest level since June 11, and traded at 28.80 rand as of 3:33 p.m. in Johannesburg, where the company is based. Northam said the Public Investment Corp., on behalf of the Government Employees Pension Fund, acquired an interest in the company, raising its holding to 18.9 percent.

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