Shares of Platinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.70 and traded as low as C$1.79. Platinum Group Metals shares last traded at C$1.83, with a volume of 33,862 shares changing hands.
Platinum Group Metals Stock Performance
The firm’s fifty day simple moving average is C$2.05 and its 200 day simple moving average is C$2.70. The company has a market capitalization of C$234.03 million, a price-to-earnings ratio of -61.00 and a beta of 2.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 58.49 and a quick ratio of 11.34.
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.
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