Powered by

Platinex trading at strong volume February 01, 2017 17:00 EST

Feb 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Platinex Inc. (TSXV:PTX) closed unchanged at 19.50c. The volume was 3.0 times the average trading volume of 251,618 shares.

SECTION 1

PLATINEX BEARISH SIGNALS

1.1 Fundamentals:

+ Return on Assets and Return on Equity have shown signs of deterioration in recent years. [Year ended, all figures in %]

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 8.2. Compared with the rest of the market the stock is overvalued a...