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

Key Points

• Platinum Group Metals Ltd. (TSE:PTM) stock price crossed above its 200-day moving average at C$1.93, reaching a high of C$2.12 during trading.
• The company has a market capitalization of C$148.04 million and significant liquidity indicators, including a current ratio of 2.66 and a quick ratio of 11.34.
• Platinum Group Metals is focused on the exploration and development of platinum and palladium properties, with a notable 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 Friday . The stock has a 200-day moving average of C$1.93 and traded as high as C$2.12. Platinum Group Metals shares last traded at C$2.06, with a volume of 21,449 shares.

Platinum Group Metals Stock Performance

The company has a market capitalization of C$148.04 million, a P/E ratio of -30.24 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 company has a fifty day moving average price of C$2.19 and a two-hundred day moving average price of C$1.93.

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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