Free Trial

Platinum Group Metals (TSE:PTM) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Platinum Group Metals logo with Basic Materials background

Key Points

  • Platinum Group Metals Ltd. shares have crossed above their 200-day moving average, trading as high as C$2.17 and closing at C$2.03.
  • The company has a market capitalization of C$145.89 million and a PE ratio of -29.80, indicating it is currently unprofitable.
  • Platinum Group Metals engages in the exploration and development of platinum, palladium, and other metals, holding a significant interest in the Waterberg project in South Africa.
  • Looking to export and analyze Platinum Group Metals data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.91 and traded as high as C$2.17. Platinum Group Metals shares last traded at C$2.03, with a volume of 77,146 shares changing hands.

Platinum Group Metals Price Performance

The company's fifty day moving average is C$2.18 and its 200 day moving average is C$1.91. The company has a quick ratio of 11.34, a current ratio of 2.66 and a debt-to-equity ratio of 0.99. The stock has a market cap of C$147.33 million, a PE ratio of -30.09 and a beta of 1.87.

Platinum Group Metals Company Profile

(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.

Further Reading

Should You Invest $1,000 in Platinum Group Metals Right Now?

Before you consider Platinum Group Metals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Platinum Group Metals wasn't on the list.

While Platinum Group Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Next Tech Boom: AI Robots Are Coming Sooner Than You Think!
Tech Stocks Stumble: Will Nvidia’s Report Spark a Rebound?
Follow the Money: 5 Stocks Institutions Are Buying NOW

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines