Platinum Group Metals Ltd. (TSE:PTM – Get Free Report) (NYSE:PLG) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.75 and last traded at C$1.75, with a volume of 63650 shares trading hands. The stock had previously closed at C$1.83.
Platinum Group Metals Stock Down 5.5%
The business has a 50 day moving average of C$2.13 and a 200 day moving average of C$2.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 26.75 and a quick ratio of 11.34. The firm has a market capitalization of C$219.41 million, a price-to-earnings ratio of -34.60 and a beta of 2.55.
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.
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