Platinum Group Metals (TSE:PTM) Share Price Crosses Above 200-Day Moving Average - Here's Why

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Platinum Group Metals Price Performance

The company has a 50 day moving average price of C$2.18 and a 200 day moving average price of C$2.16. 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 has a market cap of C$241.85 million, a PE ratio of -28.75 and a beta of 1.87.

Insider Activity at Platinum Group Metals

In other Platinum Group Metals news, Senior Officer Kris Begic sold 13,300 shares of Platinum Group Metals stock in a transaction that occurred on Thursday, September 26th. The shares were 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 on Wednesday, October 23rd. The shares were sold at an average price of C$2.60, for a total transaction of C$156,000.00. In the last quarter, insiders sold 101,800 shares of company stock valued at $253,860. 26.47% of the stock is owned by 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.