Platinum Group Metals (TSE:PTM) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG's share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.11 and traded as low as C$1.73. Platinum Group Metals shares last traded at C$1.78, with a volume of 70,503 shares changing hands.

Platinum Group Metals Trading Up 2.2 %

The business has a fifty day moving average price of C$2.11 and a 200-day moving average price of C$2.11. 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 company has a market cap of C$186.51 million, a P/E ratio of -22.75 and a beta of 1.87.

Insider Activity at Platinum Group Metals

In related news, Director Frank Hallam sold 60,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of C$2.60, for a total transaction of C$156,000.00. Over the last three months, insiders have sold 92,375 shares of company stock worth $234,933. Corporate insiders own 26.47% of the company's stock.

About Platinum Group Metals

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.