Platinum Group Metals (TSE:PTM) Hits New 52-Week Low – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$1.76 and last traded at C$1.80, with a volume of 75097 shares traded. The stock had previously closed at C$1.87.

Platinum Group Metals Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 26.75 and a quick ratio of 11.34. The stock’s fifty day simple moving average is C$2.17 and its 200-day simple moving average is C$2.82. The company has a market capitalization of C$237.16 million, a P/E ratio of -37.40 and a beta of 2.55.

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. On average, equities analysts forecast that Platinum Group Metals Ltd. will post -0.09 earnings per share 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.