Platinum Group Metals (TSE:PTM) Hits New 12-Month High - Still a Buy?

Key Points

• Platinum Group Metals Ltd. (TSE:PTM) reached a new 52-week high of C$3.33 during trading, with a last traded price of C$3.28 and a volume of 296,947 shares.
• The company has a market capitalization of C$367.86 million and a PE ratio of -82.00, indicating its current valuation status.
• Platinum Group Metals is developing the Waterberg Project in South Africa, which aims to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold.

Platinum Group Metals Ltd. (TSE:PTM - NYSE: PLG's share price reached a new 52-week high during trading on Thursday . The company traded as high as C$3.33 and last traded at C$3.28, with a volume of 296947 shares trading hands. The stock had previously closed at C$2.91.

Platinum Group Metals Stock Up 12.7%

The stock has a market capitalization of C$367.86 million, a PE ratio of -82.00 and a beta of 0.98. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99. The company's 50-day moving average is C$2.27 and its 200 day moving average is C$2.02.

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.

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