Eastern Platinum (TSE:ELR) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Eastern Platinum Limited (TSE:ELRGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.26 and traded as high as C$0.35. Eastern Platinum shares last traded at C$0.35, with a volume of 774,754 shares traded.

Eastern Platinum Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48. The stock’s 50-day moving average price is C$0.27 and its 200-day moving average price is C$0.26. The company has a market cap of C$71.22 million, a P/E ratio of -3.18 and a beta of 2.13.

Eastern Platinum (TSE:ELRGet Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$19.14 million for the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%. Equities analysts anticipate that Eastern Platinum Limited will post -0.11 EPS for the current year.

About Eastern Platinum

(Get Free Report)

Eastern Platinum Ltd. is engaged in mining, exploration, and development of platinum group metal (PGM) and chrome properties located in various provinces in South Africa. The firm’s projects include Crocodile River Mine and Mareesburg.

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