Platinum Group Metals (TSE:PTM) Sets New 12-Month Low – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$1.83 and last traded at C$1.83, with a volume of 58574 shares trading hands. The stock had previously closed at C$1.93.

Platinum Group Metals Price Performance

The company has a quick ratio of 11.34, a current ratio of 26.75 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of C$239.70 million, a PE ratio of -37.80 and a beta of 2.44. The stock’s 50-day moving average is C$2.42 and its 200 day moving average is C$3.04.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its earnings results on Friday, April 10th. The company reported C$0.03 EPS for the quarter. As a group, equities analysts predict that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current year.

About Platinum Group Metals

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.