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Platinum Group Metals (TSE:PTM) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

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$2.04 and traded as high as C$2.22. Platinum Group Metals shares last traded at C$2.20, with a volume of 15,899 shares changing hands.

Platinum Group Metals Stock Up 4.3 %

The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34. The business has a 50 day simple moving average of C$1.83 and a 200 day simple moving average of C$2.04. The company has a market capitalization of C$225.46 million, a price-to-earnings ratio of -27.50 and a beta of 1.87.

Platinum Group Metals (TSE:PTM - Get Free Report) NYSE: PLG last announced its earnings results on Thursday, July 11th. The company reported C($0.03) EPS for the quarter. As a group, equities analysts predict that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current fiscal year.

Insider Activity

In other Platinum Group Metals news, Senior Officer Kris Begic sold 13,300 shares of the 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. Insiders own 26.47% of the company's stock.

Platinum Group Metals Company Profile

(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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