Platinum Group Metals (TSE:PTM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.04 and traded as high as C$2.22. Platinum Group Metals shares last traded at C$2.20, with a volume of 15,899 shares.

Platinum Group Metals Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34. The firm has a market cap of C$225.46 million, a price-to-earnings ratio of -27.50 and a beta of 1.87. The firm has a fifty day simple moving average of C$1.83 and a two-hundred day simple moving average of C$2.04.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its quarterly earnings data on Thursday, July 11th. The company reported C($0.03) EPS for the quarter. On average, analysts expect that Platinum Group Metals Ltd. will post -0.09 EPS for the current year.

Insider Activity

In other news, Senior Officer Kris Begic sold 13,300 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$2.00, for a total value of C$26,600.00. Company insiders own 26.47% of the company’s stock.

Platinum Group Metals Company Profile

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.