Platinum Group Metals (TSE:PTM) Hits New 52-Week Low – Time to Sell?

Shares of Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) reached a new 52-week low during trading on Friday . The company traded as low as C$1.39 and last traded at C$1.45, with a volume of 64627 shares trading hands. The stock had previously closed at C$1.60.

Platinum Group Metals Stock Down 6.9 %

The stock has a market cap of C$107.08 million, a P/E ratio of -21.87 and a beta of 1.87. The company has a current ratio of 2.66, a quick ratio of 11.34 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average price is C$1.82 and its 200 day moving average price is C$2.02.

Insiders Place Their Bets

In other Platinum Group Metals news, Director Frank Hallam sold 28,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$1.82, for a total transaction of C$50,960.00. Insiders have sold 39,423 shares of company stock valued at $71,862 in the last ninety days. Company insiders own 26.47% of the company’s stock.

Platinum Group Metals Company Profile

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.