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Platinum Group Metals (TSE:PTM) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Platinum Group Metals logo with Basic Materials background

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG's share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.02 and traded as high as C$2.15. Platinum Group Metals shares last traded at C$1.98, with a volume of 81,163 shares trading hands.

Platinum Group Metals Stock Down 1.0 %

The firm's 50 day simple moving average is C$1.89 and its 200-day simple moving average is C$2.02. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of C$140.86 million, a price-to-earnings ratio of -28.77 and a beta of 1.87.

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.

Further Reading

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