Platinum Group Metals (TSE:PTM) Hits New 12-Month Low – What’s Next?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$1.81 and last traded at C$1.84, with a volume of 93596 shares traded. The stock had previously closed at C$1.94.

Platinum Group Metals Trading Up 1.1%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.34 and a current ratio of 26.75. The firm has a 50 day simple moving average of C$2.29 and a two-hundred day simple moving average of C$2.94. The firm has a market capitalization of C$235.90 million, a P/E ratio of -37.20 and a beta of 2.44.

Platinum Group Metals (TSE:PTM) (NYSE:PLG) last posted its earnings results on Friday, April 10th. The company reported C$0.03 earnings per share (EPS) for the quarter. Equities research analysts forecast that Platinum Group Metals Ltd. will post -0.09 earnings per share for the current year.

About Platinum Group Metals

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.