Platinum Group Metals (TSE:PTM) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.19 and traded as high as C$3.61. Platinum Group Metals shares last traded at C$3.55, with a volume of 430,352 shares changing hands.

Platinum Group Metals Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 2.66 and a quick ratio of 11.34. The company has a 50 day simple moving average of C$3.62 and a 200-day simple moving average of C$3.19. The stock has a market capitalization of C$438.09 million, a P/E ratio of -88.75 and a beta of 2.39.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C$0.03 earnings per share 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.