Platinum Group Metals (TSE:PTM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.15 and traded as high as C$2.53. Platinum Group Metals shares last traded at C$2.45, with a volume of 49,443 shares changing hands.

Platinum Group Metals Price Performance

The company has a market capitalization of C$251.08 million, a price-to-earnings ratio of -30.63 and a beta of 1.87. The stock has a fifty day simple moving average of C$2.16 and a 200-day simple moving average of C$2.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34.

Insider Transactions at Platinum Group Metals

In other news, Director Frank Hallam sold 60,000 shares of the company’s 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 transaction of C$156,000.00. Also, Senior Officer Kris Begic sold 13,300 shares of the company’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. Insiders sold a total of 101,800 shares of company stock valued at $253,860 in the last three months. 26.47% of the stock is currently owned by company 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.