Platinum Group Metals (TSE:PTM) Hits New 52-Week Low – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$1.39 and last traded at C$1.40, with a volume of 47,396 shares traded. The stock had previously closed at C$1.45.

Platinum Group Metals Stock Down 3.4%

The stock has a market cap of C$179.04 million, a PE ratio of -46.67 and a beta of 2.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 58.49 and a quick ratio of 11.34. The business has a fifty day moving average of C$1.87 and a 200-day moving average of C$2.40.

Platinum Group Metals Company Profile

(Get Free Report)

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground PGM and base metal deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Mnombo, HJM and Implats.

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