Eastern Platinum (TSE:ELR) Reaches New 1-Year High – Still a Buy?

Eastern Platinum Limited (TSE:ELRGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.39, with a volume of 1272123 shares traded. The stock had previously closed at C$0.35.

Eastern Platinum Trading Down 6.8%

The firm has a market cap of C$83.43 million, a price-to-earnings ratio of -3.73 and a beta of 2.13. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of C$0.28 and a 200-day moving average price of C$0.26.

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