Platinum Group Metals (TSE:PTM) Hits New 52-Week High – Still a Buy?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$2.74 and last traded at C$2.56, with a volume of 98035 shares changing hands. The stock had previously closed at C$2.50.

Platinum Group Metals Stock Up 10.5 %

The business’s fifty day simple moving average is C$1.95 and its two-hundred day simple moving average is C$2.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34. The company has a market cap of C$311.54 million, a PE ratio of -37.00 and a beta of 1.87.

Insiders Place Their Bets

In other news, Senior Officer Kris Begic sold 13,300 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$2.00, for a total value of C$26,600.00. In other Platinum Group Metals news, Director Frank Hallam sold 60,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of C$2.60, for a total value of C$156,000.00. Also, Senior Officer Kris Begic sold 13,300 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$2.00, for a total transaction of C$26,600.00. Over the last 90 days, insiders have sold 93,300 shares of company stock worth $229,700. 26.47% of the stock is owned by corporate insiders.

Platinum Group Metals Company Profile

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.