Platinum Group Metals (TSE:PTM) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.24 and traded as low as C$2.40. Platinum Group Metals shares last traded at C$2.43, with a volume of 72,713 shares changing hands.

Platinum Group Metals Price Performance

The firm has a market capitalization of C$308.19 million, a PE ratio of -48.60 and a beta of 2.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 26.75 and a quick ratio of 11.34. The business’s 50 day moving average is C$2.80 and its two-hundred day moving average is C$3.24.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last issued its quarterly earnings results on Friday, April 10th. The company reported C$0.03 earnings per share (EPS) for the quarter. As a group, research analysts anticipate that Platinum Group Metals Ltd. will post -0.09 EPS for the current year.

About Platinum Group Metals

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.