Platinum Group Metals (TSE:PTM) Reaches New 52-Week Low – What’s Next?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) reached a new 52-week low on Wednesday . The company traded as low as C$1.76 and last traded at C$1.80, with a volume of 75097 shares trading hands. The stock had previously closed at C$1.87.

Platinum Group Metals Stock Down 3.2%

The company has a debt-to-equity ratio of 0.24, a current ratio of 26.75 and a quick ratio of 11.34. The stock has a market cap of C$229.56 million, a price-to-earnings ratio of -36.20 and a beta of 2.55. The firm has a 50 day simple moving average of C$2.20 and a two-hundred day simple moving average of C$2.85.

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