Platinum Group Metals (TSE:PTM) Shares Pass Below 200-Day Moving Average – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.31 and traded as low as C$2.42. Platinum Group Metals shares last traded at C$2.46, with a volume of 105,366 shares traded.

Platinum Group Metals Trading Up 5.0%

The business’s 50 day moving average price is C$3.01 and its two-hundred day moving average price is C$3.30. The company has a market capitalization of C$313.45 million, a price-to-earnings ratio of -63.50 and a beta of 2.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 11.34 and a current ratio of 38.32.

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. Equities analysts forecast that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current fiscal 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.