Platinum Group Metals (TSE:PTM) Shares Down 12.2% – What’s Next?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) traded down 12.2% during trading on Tuesday . The company traded as low as C$3.25 and last traded at C$3.25. 91,469 shares were traded during trading, a decline of 80% from the average session volume of 456,186 shares. The stock had previously closed at C$3.70.

Platinum Group Metals Stock Down 13.8%

The company’s 50 day moving average price is C$3.62 and its two-hundred day moving average price is C$3.23. The company has a current ratio of 38.32, a quick ratio of 11.34 and a debt-to-equity ratio of 0.41. The firm has a market cap of C$393.66 million, a PE ratio of -79.75 and a beta of 2.39.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last announced its earnings results on Wednesday, January 14th. The company reported C$0.03 EPS for the quarter. On average, equities research analysts expect that Platinum Group Metals Ltd. will post -0.09 EPS 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.