Platinum Group Metals (TSE:PTM) Sets New 1-Year High – Here’s Why

Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$2.74 and last traded at C$2.56, with a volume of 98035 shares. The stock had previously closed at C$2.50.

Platinum Group Metals Stock Performance

The company has a current ratio of 21.11, a quick ratio of 11.34 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is C$1.91 and its two-hundred day moving average price is C$2.07. The firm has a market capitalization of C$258.25 million, a PE ratio of -31.25 and a beta of 1.87.

Insider Buying and Selling at Platinum Group Metals

In other news, Senior Officer Kris Begic sold 13,300 shares of the 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. 26.47% of the stock is currently owned by corporate insiders.

Platinum Group Metals Company Profile

(Get Free Report)

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.

Further Reading

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