Platinum Group Metals (TSE:PTM) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.07 and traded as low as C$2.27. Platinum Group Metals shares last traded at C$2.28, with a volume of 136,503 shares trading hands.

Platinum Group Metals Stock 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 50 day simple moving average of C$2.43 and a 200 day simple moving average of C$3.07. The company has a market capitalization of C$309.46 million, a price-to-earnings ratio of -48.80 and a beta of 2.44.

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