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 stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Platinum Group Metals Trading 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 cap of C$289.16 million, a price-to-earnings ratio of -45.60 and a beta of 2.44. The business has a 50 day simple moving average of C$2.43 and a 200 day simple moving average 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 EPS for the quarter. As a group, 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.