Quarterly Snapshot: Quick and Current Ratios for Platinum Group Metals Ltd (PLG)

The closing price of Platinum Group Metals Ltd (AMEX: PLG) was $1.64 for the day, down -1.80% from the previous closing price of $1.67. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 0.88 million shares were traded. PLG stock price reached its highest trading level at $1.68 during the session, while it also had its lowest trading level at $1.5901.

Ratios:

Our analysis of PLG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.82 and its Current Ratio is at 5.82. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

On June 07, 2013, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $1.50.

RBC Capital Mkts Upgraded its Sector Perform to Outperform on January 23, 2013, whereas the target price for the stock was revised from $1.50 to $1.75.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLG now has a Market Capitalization of 187430672 and an Enterprise Value of 202179824.

Stock Price History:

The Beta on a monthly basis for PLG is 1.59, which has changed by 0.031446576 over the last 52 weeks, in comparison to a change of 0.17535925 over the same period for the S&P500. Over the past 52 weeks, PLG has reached a high of $2.27, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is 5.06%, while the 200-Day Moving Average is calculated to be 14.11%.

Shares Statistics:

PLG traded an average of 1.28M shares per day over the past three months and 1451380 shares per day over the past ten days. A total of 107.98M shares are outstanding, with a floating share count of 81.51M. Insiders hold about 27.32% of the company’s shares, while institutions hold 22.28% stake in the company. Shares short for PLG as of 1752537600 were 3169918 with a Short Ratio of 2.47, compared to 1749772800 on 2910061. Therefore, it implies a Short% of Shares Outstanding of 3169918 and a Short% of Float of 3.88.

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