Platinum Group Metals (TSE:PTM) Stock Crosses Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Platinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.64 and traded as high as C$3.81. Platinum Group Metals shares last traded at C$3.70, with a volume of 338,792 shares traded.

Platinum Group Metals Stock Performance

The business’s 50-day moving average price is C$3.26 and its 200-day moving average price is C$2.65. The company has a debt-to-equity ratio of 0.99, a quick ratio of 11.34 and a current ratio of 2.66. The stock has a market cap of C$415.61 million, a P/E ratio of -89.00 and a beta of 1.86.

Insider Activity at Platinum Group Metals

In other Platinum Group Metals news, Director Stuart Harshaw sold 9,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$4.51, for a total transaction of C$40,590.00. Following the completion of the sale, the director owned 2,734 shares of the company’s stock, valued at approximately C$12,330.34. The trade was a 76.70% decrease in their ownership of the stock. Also, insider Gregory Edward Blair sold 7,000 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of C$4.46, for a total value of C$31,220.00. Following the completion of the transaction, the insider directly owned 58,165 shares in the company, valued at C$259,415.90. This trade represents a 10.74% decrease in their position. Over the last three months, insiders have sold 43,078 shares of company stock worth $186,948. Corporate insiders own 26.47% of the company’s stock.

About Platinum Group Metals

(Get Free Report)

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.

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