Eastmain Resources Inc. (ER.TO) (TSE:ER) Stock Price Up 10%

Eastmain Resources Inc. (ER.TO) (TSE:ER) shot up 10% during trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.28. 21,055 shares were traded during trading, a decline of 96% from the average session volume of 486,551 shares. The stock had previously closed at C$0.25.

Eastmain Resources Inc. (ER.TO) Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is C$0.28. The company has a market cap of C$79.92 million and a price-to-earnings ratio of -4.66.

About Eastmain Resources Inc. (ER.TO)

Eastmain Resources Inc, together with its subsidiary, Eastmain Mines Inc, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold, silver, nickel, platinum, and copper deposits. Its flagship project is the Clearwater project, which hosts the Eau Claire gold deposit covering an area of 201 square kilometers located in the central portion of the Eastmain River Greenstone Belt within the James Bay Mining District of Québec.