Platinum Group Metals Ltd. (TSE:PTM) Director Sells C$11,200.00 in Stock

On October 25th, 2024, Director Stuart Harshaw of Platinum Group Metals Ltd. (TSE:PTM - Get Free Report) (NYSE:PLG) sold a total of 4,000 shares of the company’s stock. This transaction was carried out at an average price of C$2.80 per share, leading to a total sale amount of C$11,200.00.

Overview of Platinum Group Metals Stock Performance

As of the last trading session on Friday, EDFM0570506, shares of PTM opened at C$3.04. The company possesses a market capitalization of C$311.54 million, and its price-to-earnings (P/E) ratio stands at -38.00, indicating it currently does not have positive earnings. Furthermore, PTM shares exhibit a beta of 1.87, which suggests they are more volatile than the market.

Additionally, the company showcases a robust current ratio of 21.11 and a quick ratio of 11.34, reflecting strong short-term financial health. The debt-to-equity ratio is 0.78, indicating a relatively low level of debt compared to equity. The firm’s moving averages indicate that the 50-day moving average is C$1.97 while the 200-day moving average is C$2.09. Over the past 12 months, the stock hit a low of C$1.29 and a peak of C$3.13, showing significant price fluctuations.

About Platinum Group Metals Ltd.

Platinum Group Metals Ltd. focuses on the exploration and development of platinum and palladium resources. The company actively explores for valuable deposits including palladium, platinum, gold, copper, nickel, and rhodium. One of its notable projects is the Waterberg project, where it holds a 50.02% interest, located on the Northern Limb of the Bushveld Igneous Complex in South Africa.

Platinum, Metals, Stock