Platinum Group Metals (TSE:PTM) Reaches New 12-Month Low – Here’s Why

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$1.39 and last traded at C$1.45, with a volume of 64627 shares traded. The stock had previously closed at C$1.60.

Platinum Group Metals Stock Performance

The business’s 50 day simple moving average is C$1.82 and its two-hundred day simple moving average is C$2.02. The firm has a market capitalization of C$107.08 million, a PE ratio of -21.87 and a beta of 1.87. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99.

Insider Buying and Selling at Platinum Group Metals

In other news, Director Frank Hallam sold 28,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$1.82, for a total transaction of C$50,960.00. Over the last 90 days, insiders have sold 39,423 shares of company stock valued at $71,862. 26.47% of the stock is 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.