Platinum Group Metals (TSE:PTM) Stock Crosses Above 200 Day Moving Average - Here's Why

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG's stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.89 and traded as high as C$2.05. Platinum Group Metals shares last traded at C$2.00, with a volume of 46,181 shares.

Platinum Group Metals Stock Up 0.5%

The stock's fifty day moving average price is C$1.72 and its 200 day moving average price is C$1.88. The stock has a market cap of C$143.73 million, a P/E ratio of -29.36 and a beta of 1.87. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99.

Insider Transactions at Platinum Group Metals

In related news, Director Frank Hallam sold 28,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$1.82, for a total transaction of C$50,960.00. Insiders have sold 39,423 shares of company stock valued at $71,862 in the last quarter. Insiders own 26.47% of the company's stock.

Platinum Group Metals Company Profile

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.