Platinum Group Metals (TSE:PTM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.14 and traded as high as C$2.48. Platinum Group Metals shares last traded at C$2.44, with a volume of 39,538 shares changing hands.

Platinum Group Metals Stock Up 3.8 %

The firm has a market cap of C$250.05 million, a PE ratio of -30.50 and a beta of 1.87. 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 firm has a 50 day moving average price of C$2.10 and a 200-day moving average price of C$2.14.

Insider Buying and Selling

In other Platinum Group Metals news, Senior Officer Kris Begic sold 13,300 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$2.00, for a total value of C$26,600.00. In other news, Senior Officer Kris Begic sold 13,300 shares of the company’s stock in a transaction dated 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 stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of C$2.60, for a total value of C$156,000.00. Insiders sold 101,800 shares of company stock worth $253,860 over the last 90 days. 26.47% of the stock is owned by insiders.

About Platinum Group Metals

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.