How Much Does Platinum Group Metals Ltd. (PLG) Pay Out In Dividends?


As of Wednesday close, Platinum Group Metals Ltd.’s (AMEX:PLG) stock was up $0.06, moving up 3.61 percent to $1.72. The average number of shares traded per day over the past five days has been 231,480 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0700 gain in that time frame. In the last twenty days, the average volume was 485,700, while in the previous 50 days, it was 357,754.

Since last month, PLG stock rose 14.67%. Shares of the company fell to $1.4900 on 11/03/22, the lowest level in the past month. A 52-week high of $2.84 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 risen by 8.86% or $0.1400, and marked a new high 9 times. However, the stock has declined by -39.44% since its 52-week high.

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Financial Health

In the three months ended August 30, 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 August 30, 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 $0.07 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by -71.40%. 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 August 30, and its total debt was $67000.0.

Technical Picture

This quick technical analysis looks at Platinum Group Metals Ltd.’s (PLG) price momentum. With a historical volatility rate of 38.81%, the RSI 9-day stood at 58.30% on 23 November.

With respect to its five-day moving average, the current Platinum Group Metals Ltd. price is up by +4.24% percent or $0.0700. At present, PLG shares trade +4.24% above its 20-day simple moving average and +39.84% percent above its 100-day simple moving average.

Stochastic coefficient K was 31.74% and Stochastic coefficient D was 27.69%, while ATR was 0.1037. Given the Stochastic reading of 37.21% for the 14-day period, the RSI (14) reading has been calculated as 55.91%.

With a median target price of $3.33, the current consensus forecast for the stock is $2.37 – $5.96. Based on these forecasts, analysts predict Platinum Group Metals Ltd. (PLG) will achieve an average price target of $3.89.


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