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Platinum Group Metals (TSE:PTM) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Platinum Group Metals logo with Basic Materials background

Key Points

  • Platinum Group Metals Ltd. shares have recently crossed above their two hundred day moving average, reaching C$2.30, indicating a potential bullish trend.
  • The company has a market capitalization of C$257.95 million and a debt-to-equity ratio of 0.99, suggesting a relatively stable financial position.
  • Platinum Group Metals is actively engaged in the exploration and development of platinum and palladium properties, holding a majority interest in the Waterberg project in South Africa.
  • MarketBeat previews the top five stocks to own by October 1st.

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$1.96 and traded as high as C$2.30. Platinum Group Metals shares last traded at C$2.30, with a volume of 29,201 shares trading hands.

Platinum Group Metals Stock Up 2.7%

The business has a 50 day moving average of C$2.19 and a 200 day moving average of C$1.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.66 and a quick ratio of 11.34. The firm has a market capitalization of C$257.95 million, a price-to-earnings ratio of -57.50 and a beta of 0.98.

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.

Further Reading

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