Platinum Group Metals (TSE:PTM) Reaches New 1-Year Low – Should You Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares reached a new 52-week low on Tuesday . The company traded as low as C$1.83 and last traded at C$1.83, with a volume of 58574 shares. The stock had previously closed at C$1.93.

Platinum Group Metals Trading Up 5.9%

The firm has a market capitalization of C$249.85 million, a price-to-earnings ratio of -39.40 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. The company has a fifty day moving average price of C$2.40 and a 200-day moving average price of C$3.03.

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