Platinum Group Metals (TSE:PTM) Reaches New 12-Month Low – Should You Sell?

Shares of Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$1.81 and last traded at C$1.84, with a volume of 93596 shares. The stock had previously closed at C$1.94.

Platinum Group Metals Price Performance

The company has a market cap of C$233.36 million, a price-to-earnings ratio of -36.80 and a beta of 2.44. The company has a quick ratio of 11.34, a current ratio of 26.75 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is C$2.32 and its two-hundred day moving average price is C$2.96.

Platinum Group Metals (TSE:PTMGet Free Report) (NYSE:PLG) last issued its quarterly earnings data on Friday, April 10th. The company reported C$0.03 EPS for the quarter. On average, equities research analysts forecast that Platinum Group Metals Ltd. will post -0.09 EPS for the current fiscal year.

Platinum Group Metals Company Profile

(Get Free Report)

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.

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