Platinum Group Metals (TSE:PTM) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.28 and traded as high as C$3.32. Platinum Group Metals shares last traded at C$3.20, with a volume of 204,326 shares traded.

Platinum Group Metals Trading Down 5.0%

The company has a 50 day simple moving average of C$3.56 and a 200 day simple moving average of C$3.28. The company has a market capitalization of C$372.68 million, a PE ratio of -75.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 11.34 and a current ratio of 38.32.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last issued its quarterly earnings results on Wednesday, January 14th. The company reported C$0.03 EPS for the quarter. Analysts anticipate that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current year.

Platinum Group Metals Company Profile

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.