Platinum Group Metals (TSE:PTM) Stock Passes Above 200 Day Moving Average of $2.28

Shares of Platinum Group Metals Limited (TSE:PTM) (NYSE:PLG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.28 and traded as high as $3.12. Platinum Group Metals shares last traded at $3.10, with a volume of 80,173 shares trading hands.

The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2,907.76. The firm’s fifty day moving average price is C$2.93 and its 200-day moving average price is C$2.28. The company has a market cap of $198.69 million and a price-to-earnings ratio of -17.82.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its earnings results on Wednesday, July 15th. The company reported C($0.07) earnings per share (EPS) for the quarter. As a group, research analysts anticipate that Platinum Group Metals Limited will post -0.11 EPS for the current year.

About Platinum Group Metals (TSE:PTM)

Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.

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