Platinum Group Metals (TSE:PTM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.31 and traded as low as C$2.42. Platinum Group Metals shares last traded at C$2.46, with a volume of 105,366 shares changing hands.

Platinum Group Metals Trading Down 2.0%

The business’s 50-day moving average is C$3.10 and its two-hundred day moving average is C$3.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 11.34 and a current ratio of 38.32. The stock has a market capitalization of C$303.58 million, a PE ratio of -61.50 and a beta of 2.46.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its quarterly earnings data on Wednesday, January 14th. The company reported C$0.03 earnings per share for the quarter. As a group, equities research analysts anticipate that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current 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.