Platinum Group Metals (TSE:PTM) Sets New 12-Month Low – Here’s What Happened

Shares of Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$1.83 and last traded at C$1.83, with a volume of 58574 shares. The stock had previously closed at C$1.93.

Platinum Group Metals Price 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 company has a market capitalization of C$239.70 million, a P/E ratio of -37.80 and a beta of 2.44. The company’s 50-day simple moving average is C$2.42 and its 200 day simple moving average is C$3.04.

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

Platinum Group Metals Company Profile

(Get Free Report)

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.

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