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

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.10 and traded as low as C$2.15. Platinum Group Metals shares last traded at C$2.18, with a volume of 178,287 shares.

Platinum Group Metals Stock Down 7.2%

The firm’s 50 day simple moving average is C$2.52 and its two-hundred day simple moving average is C$3.10. The firm has a market cap of C$276.48 million, a price-to-earnings ratio of -43.60 and a beta of 2.44. The company has a current ratio of 26.75, a quick ratio of 11.34 and a debt-to-equity ratio of 0.24.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last issued its earnings results on Friday, April 10th. The company reported C$0.03 EPS for the quarter. On average, equities analysts forecast that Platinum Group Metals Ltd. will post -0.09 EPS for the current year.

About Platinum Group Metals

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.