Platinum Group Metals (TSE:PTM) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.05 and traded as low as C$2.29. Platinum Group Metals shares last traded at C$2.30, with a volume of 46,072 shares changing hands.

Platinum Group Metals Price Performance

The firm has a market capitalization of C$249.85 million, a PE ratio of -39.40 and a beta of 2.44. The stock has a 50-day moving average price of C$2.43 and a 200 day moving average price of C$3.04. The company has a quick ratio of 11.34, a current ratio of 26.75 and a debt-to-equity ratio of 0.24.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its quarterly earnings data on Friday, April 10th. The company reported C$0.03 EPS for the quarter. Equities analysts forecast that Platinum Group Metals Ltd. will post -0.09 EPS for the current fiscal year.

Platinum Group Metals Company Profile

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.