Platinum Group Metals Ltd. (PTM:CA) Declines 5.56% for March 06

Equities Staff  |

It was a tough day for Platinum Group Metals Ltd. (PTM:CA) as its stock fell 5.56% to finish the day at $0.43 a share on March 06. That reduces the company’s market cap to 64.14 million on 150.91 million outstanding shares. Platinum Group Metals Ltd. is a component of the the S&P/TSX SmallCap Index.

39,200 shares exchanged hands over the course of the day as compared with an average daily volume of 93,575 over the last 30 days.

Platinum Group Metals Ltd is a mineral exploration and development stage company. The Company is focused on the operation and development of platinum and palladium mining operations. Its projects include Maseve Mine and Waterberg.. Platinum Group Metals Ltd. makes its home in Vancouver, BC, and currently has CEO R. Michael Jones at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $2.30 and a low of $0.36, and it’s currently sporting a 50-day SMA of $0.50 and a 200-day SMA of $0.71. The current P/E ratio stands at 0, with a P/B ratio of -10.63.

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Platinum Group Metals Ltd. ($PTM:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

To get more information on Platinum Group Metals Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: PTM:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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