Platinum Group Metals (TSE:PTM) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.14 and traded as high as C$2.48. Platinum Group Metals shares last traded at C$2.44, with a volume of 39,538 shares.

Platinum Group Metals Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 11.34 and a current ratio of 21.11. The firm’s 50-day moving average price is C$2.10 and its two-hundred day moving average price is C$2.14. The stock has a market cap of C$250.05 million, a price-to-earnings ratio of -30.50 and a beta of 1.87.

Insider Transactions at Platinum Group Metals

In related news, Director Frank Hallam sold 60,000 shares of the stock in a transaction that occurred 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. In other Platinum Group Metals news, Director Frank Hallam sold 60,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were 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 Platinum Group Metals stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$2.00, for a total transaction of C$26,600.00. Insiders sold 101,800 shares of company stock worth $253,860 in the last 90 days. Insiders own 26.47% of the company’s stock.

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.