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Platinum Group Metals (TSE:PTM) Share Price Crosses 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 stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.85 and traded as high as C$2.17. Platinum Group Metals shares last traded at C$2.15, with a volume of 21,810 shares changing hands.

Platinum Group Metals Stock Performance

The stock has a market capitalization of C$149.48 million, a P/E ratio of -30.53 and a beta of 1.87. The company's 50-day moving average is C$1.95 and its two-hundred day moving average is C$1.86. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99.

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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