Platinum Group Metals (TSE:PTM) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.13 and traded as low as C$2.42. Platinum Group Metals shares last traded at C$2.53, with a volume of 142,473 shares.

Platinum Group Metals Price Performance

The company has a quick ratio of 11.34, a current ratio of 26.75 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is C$2.63 and its 200-day simple moving average is C$3.13. The firm has a market capitalization of C$320.87 million, a PE ratio of -50.60 and a beta of 2.44.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last released its quarterly earnings data on Friday, April 10th. The company reported C$0.03 earnings per share for the quarter. On average, research 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.