Platinum Group Metals (TSE:PTM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.15 and traded as high as C$2.53. Platinum Group Metals shares last traded at C$2.45, with a volume of 49,443 shares trading hands.

Platinum Group Metals Trading Up 8.9 %

The company has a current ratio of 21.11, a quick ratio of 11.34 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of C$2.16 and a 200-day simple moving average of C$2.15. The company has a market capitalization of C$251.08 million, a PE ratio of -30.63 and a beta of 1.87.

Insider Transactions at Platinum Group Metals

In other news, Senior Officer Kris Begic sold 13,300 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$2.00, for a total transaction of C$26,600.00. Also, Director Frank Hallam sold 60,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of C$2.60, for a total value of C$156,000.00. In the last ninety days, insiders sold 101,800 shares of company stock worth $253,860. 26.47% of the stock is currently owned by company insiders.

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.