Platinum Group Metals (TSE:PTM) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.07 and traded as low as C$2.27. Platinum Group Metals shares last traded at C$2.28, with a volume of 136,503 shares traded.

Platinum Group Metals Stock Down 3.4%

The company has a debt-to-equity ratio of 0.24, a current ratio of 26.75 and a quick ratio of 11.34. The company has a market capitalization of C$289.16 million, a price-to-earnings ratio of -45.60 and a beta of 2.44. The firm has a 50-day moving average price of C$2.43 and a two-hundred day moving average price of C$3.07.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its quarterly earnings data on Friday, April 10th. The company reported C$0.03 earnings per share for the quarter. As a group, sell-side analysts anticipate that Platinum Group Metals Ltd. will post -0.09 earnings per share 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.