Platinum Group Metals (TSE:PTM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.11 and traded as low as C$1.73. Platinum Group Metals shares last traded at C$1.78, with a volume of 70,503 shares traded.

Platinum Group Metals Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34. The stock has a fifty day simple moving average of C$2.11 and a two-hundred day simple moving average of C$2.11. The firm has a market capitalization of C$182.41 million, a P/E ratio of -22.25 and a beta of 1.87.

Insider Activity

In related news, Director Frank Hallam sold 60,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of C$2.60, for a total value of C$156,000.00. Insiders sold 92,375 shares of company stock worth $234,933 in the last quarter. 26.47% of the stock is owned by corporate insiders.

About Platinum Group Metals

(Get Free Report)

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

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