Platinum Group Metals (TSE:PTM) Sets New 1-Year Low – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) hit a new 52-week low on Wednesday . The stock traded as low as C$1.76 and last traded at C$1.80, with a volume of 75097 shares traded. The stock had previously closed at C$1.87.

Platinum Group Metals Price Performance

The firm has a market capitalization of C$229.56 million, a PE ratio of -36.20 and a beta of 2.55. The company has a fifty day moving average price of C$2.20 and a two-hundred day moving average price of C$2.85. The company has a current ratio of 26.75, a quick ratio of 11.34 and a debt-to-equity ratio of 0.24.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last announced its earnings results on Friday, April 10th. The company reported C$0.03 earnings per share for the quarter. Sell-side analysts forecast 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.