Platinum Group Metals (TSE:PTM) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Platinum Group Metals Ltd. (TSE:PTM) (NYSE:PLG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.11 and traded as low as C$1.73. Platinum Group Metals shares last traded at C$1.78, with a volume of 70,503 shares traded.

Platinum Group Metals Stock Performance

The stock has a fifty day moving average price of C$2.09 and a 200-day moving average price of C$2.10. 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 market capitalization of C$190.61 million, a price-to-earnings ratio of -23.25 and a beta of 1.87.

Insiders Place Their Bets

In other news, Director Frank Hallam sold 60,000 shares of Platinum Group Metals stock in a transaction that occurred on 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 92,375 shares of company stock worth $234,933 over the last three months. 26.47% of the stock is currently owned by corporate 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.