Platinum Group Metals (TSE:PTM) Trading Down 12.2% – Should You Sell?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) dropped 12.2% during mid-day trading on Tuesday . The company traded as low as C$3.25 and last traded at C$3.25. Approximately 91,469 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 456,186 shares. The stock had previously closed at C$3.70.

Platinum Group Metals Stock Performance

The firm has a market capitalization of C$410.94 million, a price-to-earnings ratio of -83.25 and a beta of 2.39. The firm’s 50-day moving average price is C$3.60 and its two-hundred day moving average price is C$3.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 11.34 and a current ratio of 38.32.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. Sell-side analysts predict that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current year.

About Platinum Group Metals

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.