Platinum Group Metals (TSE:PTM) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.28 and traded as high as C$3.32. Platinum Group Metals shares last traded at C$3.20, with a volume of 204,326 shares.

Platinum Group Metals Stock Performance

The company has a market capitalization of C$394.90 million, a P/E ratio of -80.00 and a beta of 2.05. The firm has a 50 day moving average price of C$3.57 and a two-hundred day moving average price of C$3.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 11.34 and a current ratio of 38.32.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its earnings results on Wednesday, January 14th. The company reported C$0.03 EPS for the quarter. On average, research analysts expect that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current fiscal year.

Platinum Group Metals Company Profile

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.