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Platinum Group Metals (TSE:PTM) Trading Down 2.3% - Should You Sell?

Platinum Group Metals logo with Basic Materials background

Shares of Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG fell 2.3% during trading on Tuesday . The company traded as low as C$2.11 and last traded at C$2.12. 7,205 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 26,689 shares. The stock had previously closed at C$2.17.

Platinum Group Metals Stock Up 1.9 %

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 firm's 50 day moving average price is C$2.33 and its two-hundred day moving average price is C$2.19. The company has a market capitalization of C$221.36 million, a price-to-earnings ratio of -26.50 and a beta of 1.87.

Insider Buying and Selling at Platinum Group Metals

In other Platinum Group Metals news, Director Frank Hallam sold 60,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of C$2.60, for a total value of C$156,000.00. Also, 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. Insiders have sold 101,800 shares of company stock worth $253,860 over the last 90 days. Company 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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