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) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.70 and traded as high as C$3.70. Platinum Group Metals shares last traded at C$3.68, with a volume of 216,806 shares trading hands.

Platinum Group Metals Trading Up 4.8%

The firm has a market cap of C$429.61 million, a P/E ratio of -92.00 and a beta of 1.86. 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 firm has a fifty day moving average of C$3.23 and a 200-day moving average of C$2.71.

Insider Activity

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 shares were sold at an average price of C$4.51, for a total transaction of C$40,590.00. Following the completion of the transaction, the director directly owned 2,734 shares of the company’s stock, valued at C$12,330.34. The trade was a 76.70% decrease in their position. Also, Director Frank Hallam sold 20,000 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of C$4.16, for a total value of C$83,200.00. Following the completion of the transaction, the director directly owned 183,200 shares of the company’s stock, valued at approximately C$762,112. The trade was a 9.84% decrease in their position. Over the last quarter, insiders sold 43,078 shares of company stock valued at $186,948. 26.47% of the stock is currently owned by company insiders.

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. Geographically, it operates in Canada and South Africa.

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