Platinum Group Metals (TSE:PTM) Hits New 1-Year Low – What’s Next?

Platinum Group Metals Ltd. (TSE:PTMGet Free Report) (NYSE:PLG) hit a new 52-week low on Wednesday . The company 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 Stock Performance

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 stock’s 50-day moving average is C$2.32 and its 200 day moving average is C$2.96. The firm has a market cap of C$233.36 million, a P/E ratio of -36.80 and a beta of 2.44.

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

About Platinum Group Metals

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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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