Platinum Group Metals Ltd. (PLG) Is A Stock You Should Watch

As of Friday close, Platinum Group Metals Ltd.’s (AMEX:PLG) stock was down -$0.06, moving down -4.41 percent to $1.30. The average number of shares traded per day over the past five days has been 514,720 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0200 gain in that time frame. In the last twenty days, the average volume was 377,670, while in the previous 50 days, it was 623,436.

Since last month, PLG stock retreated -10.96%. Shares of the company fell to $1.2000 on 07/06/22, the lowest level in the past month. A 52-week high of $3.32 was reached on 03/08/22 after having rallying from a 52-week low of $1.20. Since the beginning of this year, PLG’s stock price has dropped by -17.72% or -$0.2800, and marked a new high 9 times. However, the stock has declined by -60.84% since its 52-week high.

Financial Health

In the three months ended November 29, Platinum Group Metals Ltd.’s quick ratio stood at 18.60, while its current ratio was 18.60, showing that the company is able to pay off its debt. Based on annual data, PLG earned $5.07 million in gross profit and brought in $7.95 million in revenue.

In Platinum Group Metals Ltd.’s quarter-end financial report for November 29, it reported total debt of $19.34 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Platinum Group Metals Ltd. to report -$0.48 quarterly earnings, the actual figure was -$0.24 per share. During the quarter, the company generated -$1.3 million in EBITDA. The liabilities of Platinum Group Metals Ltd. were 1.9 million at the end of its most recent quarter ended November 29, and its total debt was $88000.0.

Technical Picture

This quick technical analysis looks at Platinum Group Metals Ltd.’s (PLG) price momentum. With a historical volatility rate of 49.51%, the RSI 9-day stood at 38.94% on 22 July.

With respect to its five-day moving average, the current Platinum Group Metals Ltd. price is up by +1.56% percent or $0.0200. At present, PLG shares trade -10.34% below its 20-day simple moving average and -35.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.99% below its SMA50 and -34.01% below its SMA200.

Stochastic coefficient K was 63.64% and Stochastic coefficient D was 63.83%, while ATR was 0.0961. Given the Stochastic reading of 45.45% for the 14-day period, the RSI (14) reading has been calculated as 39.77%.

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