Platinum Group Metals (TSE:PTM) Stock Crosses Below 200-Day Moving Average – What’s Next?

Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.29 and traded as low as C$2.21. Platinum Group Metals shares last traded at C$2.21, with a volume of 185,785 shares.

Platinum Group Metals Price Performance

The firm has a market cap of C$272.73 million, a PE ratio of -55.25 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 38.32 and a quick ratio of 11.34. The firm has a 50-day simple moving average of C$3.32 and a 200 day simple moving average of C$3.29.

Platinum Group Metals (TSE:PTMGet Free Report) (NYSE:PLG) last released its earnings results on Wednesday, January 14th. The company reported C$0.03 earnings per share for the quarter. As a group, equities analysts expect that Platinum Group Metals Ltd. will post -0.09 EPS for the current year.

Platinum Group Metals Company Profile

(Get Free Report)

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.

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