Platinum Group Metals (TSE:PTM) Stock Price Passes Below 200-Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemPlatinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.70 and traded as low as C$1.79. Platinum Group Metals shares last traded at C$1.83, with a volume of 33,862 shares changing hands.
Platinum Group Metals Price Performance
The stock has a 50 day moving average price of C$2.04 and a two-hundred day moving average price of C$2.69. The firm has a market cap of C$230.19 million, a PE ratio of -60.00 and a beta of 2.55. The company has a quick ratio of 11.34, a current ratio of 58.49 and a debt-to-equity ratio of 0.21.
About Platinum Group Metals
Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground PGM and base metal deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Mnombo, HJM and Implats.