Platinum Group Metals (TSE:PTM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.11 and traded as low as C$1.73. Platinum Group Metals shares last traded at C$1.78, with a volume of 70,503 shares trading hands.

Platinum Group Metals Stock Performance

The stock has a market cap of C$182.41 million, a P/E ratio of -22.25 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 21.11 and a quick ratio of 11.34. The stock has a 50-day simple moving average of C$2.11 and a 200-day simple moving average of C$2.11.

Insider Transactions at Platinum Group Metals

In related news, Director Frank Hallam sold 60,000 shares of the firm’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. Over the last ninety days, insiders sold 92,375 shares of company stock worth $234,933. Corporate 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.