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

Platinum Group Metals logo with Basic Materials background

Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) NYSE: PLG's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.85 and traded as high as C$2.27. Platinum Group Metals shares last traded at C$2.20, with a volume of 81,748 shares.

Platinum Group Metals Stock Up 4.8%

The stock has a market cap of C$158.11 million, a PE ratio of -32.29 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 50 day moving average price of C$1.89 and a two-hundred day moving average price of C$1.85.

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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