Platinum Group Metals (TSE:PTM) Reaches New 12-Month Low – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as C$1.62 and last traded at C$1.57, with a volume of 167,264 shares changing hands. The stock had previously closed at C$1.77.

Platinum Group Metals Price Performance

The business has a 50-day simple moving average of C$1.99 and a two-hundred day simple moving average of C$2.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.34 and a current ratio of 58.49. The company has a market capitalization of C$209.73 million, a price-to-earnings ratio of -54.67 and a beta of 2.75.

Platinum Group Metals Company Profile

(Get Free Report)

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.

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