Platinum Group Metals (TSE:PTM) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Platinum Group Metals Ltd. stock has recently crossed above its 200-day moving average of C$1.92, trading at a high of C$2.21.
• The company holds a market cap of C$154.51 million and displays a price-to-earnings ratio of -31.56.
• Platinum Group Metals is actively involved in the exploration and development of platinum and palladium properties, with a notable 50.02% interest in the Waterberg project in South Africa.

Platinum Group Metals Ltd. (TSE:PTM - NYSE: PLG's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.92 and traded as high as C$2.21. Platinum Group Metals shares last traded at C$2.15, with a volume of 31,696 shares traded.

Platinum Group Metals Stock Up 0.5%

The company has a market cap of C$154.51 million, a price-to-earnings ratio of -31.56 and a beta of 1.87. 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 50-day moving average price of C$2.19 and a 200 day moving average price of C$1.92.

About Platinum Group Metals

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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