Platinum Group Metals (TSE:PTM) Shares Down 2.3% – Here’s What Happened

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price traded down 2.3% during trading on Tuesday . The company traded as low as C$2.11 and last traded at C$2.12. 7,205 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 26,689 shares. The stock had previously closed at C$2.17.

Platinum Group Metals Stock Performance

The company has a market capitalization of C$217.26 million, a price-to-earnings ratio of -26.50 and a beta of 1.87. The stock has a 50 day moving average of C$2.33 and a 200 day moving average of C$2.19. The company has a quick ratio of 11.34, a current ratio of 21.11 and a debt-to-equity ratio of 0.78.

Insider Transactions at Platinum Group Metals

In related news, Senior Officer Kris Begic sold 13,300 shares of the firm’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 transaction of C$26,600.00. Also, Director Frank Hallam sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of C$2.60, for a total value of C$156,000.00. In the last 90 days, insiders have sold 101,800 shares of company stock worth $253,860. Company 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.