Platinum Group Metals Ltd. shares fall 1.64% after-hours following Valterra Platinum's London Stock Exchange listing.

Platinum Group Metals Ltd. fell 1.64% in after-hours trading. The decline comes as Valterra Platinum, which was recently demerged from Anglo American, saw its shares rise on its first day of trading on the London Stock Exchange. Valterra Platinum's listing and the strategic synergies highlighted by ValOre Metals Corp. for its combined Pedra Branca Gold and Platinum Group Metals Projects in Brazil may have contributed to the market's focus on the sector, potentially leading to profit-taking in Platinum Group Metals Ltd.