Eastern Platinum (TSE:ELR) Stock Price Crosses Above 200-Day Moving Average of $0.17

Eastern Platinum Limited (TSE:ELR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.20. Eastern Platinum shares last traded at C$0.20, with a volume of 11,000 shares.

Eastern Platinum Price Performance

The firm has a market cap of C$40.38 million, a price-to-earnings ratio of 1.82 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.48 and a debt-to-equity ratio of 63.91. The company has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.17.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C($0.01) EPS for the quarter. Eastern Platinum had a return on equity of 17.21% and a net margin of 12.61%. The business had revenue of C$21.18 million for the quarter. Equities research analysts predict that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

Eastern Platinum Company Profile

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.