Platinum Group Metals (TSE:PTM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.23 and traded as low as C$1.95. Platinum Group Metals shares last traded at C$1.97, with a volume of 19,500 shares changing hands.

Platinum Group Metals Stock Performance

The stock has a fifty day simple moving average of C$2.00 and a two-hundred day simple moving average of C$2.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.34 and a current ratio of 58.49. The stock has a market capitalization of C$244.26 million, a price-to-earnings ratio of -63.67 and a beta of 2.61.

About Platinum Group Metals

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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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