Platinum Group Metals (TSE:PTM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.02 and traded as high as C$2.15. Platinum Group Metals shares last traded at C$1.98, with a volume of 81,163 shares changing hands.

Platinum Group Metals Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 11.34 and a current ratio of 2.66. The company has a market capitalization of C$142.30 million, a price-to-earnings ratio of -29.06 and a beta of 1.87. The stock’s fifty day simple moving average is C$1.90 and its two-hundred day simple moving average is C$2.02.

About Platinum Group Metals

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Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.

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