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Platinum Group Metals (TSE:PTM) Shares Cross Above 200 Day Moving Average - What's Next?

Platinum Group Metals logo with Basic Materials background

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.14 and traded as high as C$2.48. Platinum Group Metals shares last traded at C$2.44, with a volume of 39,538 shares changing hands.

Platinum Group Metals Stock Down 5.7 %

The company has a quick ratio of 11.34, a current ratio of 21.11 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of C$235.70 million, a P/E ratio of -28.75 and a beta of 1.87. The company has a fifty day moving average price of C$2.11 and a 200-day moving average price of C$2.14.

Insider Transactions at Platinum Group Metals

In related news, Senior Officer Kris Begic sold 13,300 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$2.00, for a total value of C$26,600.00. In other Platinum Group Metals news, Senior Officer Kris Begic sold 13,300 shares of the company'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 transaction of C$26,600.00. Also, Director Frank Hallam sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of C$2.60, for a total value of C$156,000.00. Insiders have sold 101,800 shares of company stock valued at $253,860 in the last ninety days. Corporate insiders own 26.47% of the company's stock.

About Platinum Group Metals

(Get Free Report)

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.

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