Eastern Platinum (TSE:ELR) Shares Up 14.1% – Here’s Why

Eastern Platinum Limited (TSE:ELR) shot up 14.1% during trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.49. 453,936 shares were traded during trading, an increase of 28% from the average session volume of 354,887 shares. The stock had previously closed at C$0.43.

Eastern Platinum Stock Up 3.2%

The firm has a 50 day moving average of C$0.45 and a 200 day moving average of C$0.46. The firm has a market cap of C$98.88 million, a price-to-earnings ratio of -6.00 and a beta of 2.86. The company has a quick ratio of 0.48, a current ratio of 0.46 and a debt-to-equity ratio of 112.08.

Eastern Platinum (TSE:ELR) last released its earnings results on Thursday, May 14th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$19.17 million for the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%. As a group, sell-side analysts predict that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

Eastern Platinum Company Profile

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.