Platinum Group Metals (TSE:PTM) Stock Crosses Above 200 Day Moving Average of $0.00

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$4.82. Platinum Group Metals shares last traded at C$4.78, with a volume of 45,760 shares traded.

The company has a market cap of C$353.89 million and a price-to-earnings ratio of -23.55. The company has a fifty day simple moving average of C$5.44. The company has a quick ratio of 8.45, a current ratio of 8.71 and a debt-to-equity ratio of 155.58.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last released its quarterly earnings results on Tuesday, April 13th. The company reported C($0.08) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current fiscal year.

In other Platinum Group Metals news, Senior Officer Kris Begic sold 30,000 shares of Platinum Group Metals stock in a transaction on Friday, April 30th. The shares were sold at an average price of C$6.20, for a total value of C$186,000.00. Following the sale, the insider now directly owns 25,000 shares in the company, valued at approximately C$155,000. Also, Director R. Michael Jones sold 7,400 shares of the business’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of C$6.63, for a total transaction of C$49,035.36. Following the sale, the director now directly owns 5,798 shares in the company, valued at C$38,419.87. Over the last quarter, insiders have sold 104,000 shares of company stock valued at $669,062.

About Platinum Group Metals (TSE:PTM)

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 Western Bushveld complex, South Africa.

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