Platinum Group Metals (TSE:PTM) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.18 and traded as low as C$2.35. Platinum Group Metals shares last traded at C$2.40, with a volume of 62,048 shares trading hands.

Platinum Group Metals Stock Performance

The stock has a market cap of C$304.38 million, a P/E ratio of -48.00 and a beta of 2.46. The business has a 50 day moving average price of C$2.73 and a 200 day moving average price of C$3.18. The company has a quick ratio of 11.34, a current ratio of 26.75 and a debt-to-equity ratio of 0.24.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last released its earnings results on Friday, April 10th. The company reported C$0.03 EPS for the quarter. As a group, sell-side analysts expect that Platinum Group Metals Ltd. will post -0.09 EPS for the current 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.