Eastern Platinum (TSE:ELR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Eastern Platinum Limited (TSE:ELRGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.44 and traded as high as C$0.46. Eastern Platinum shares last traded at C$0.44, with a volume of 106,326 shares.

Eastern Platinum Price Performance

The company has a debt-to-equity ratio of 112.08, a quick ratio of 0.48 and a current ratio of 0.46. The company has a market cap of C$91.67 million, a price-to-earnings ratio of -5.56 and a beta of 3.08. The business has a fifty day moving average price of C$0.35 and a 200 day moving average price of C$0.44.

Eastern Platinum (TSE:ELRGet Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.04) earnings per share for the quarter. Eastern Platinum had a negative net margin of 25.67% and a negative return on equity of 23.99%. The business had revenue of C$11.32 million during the quarter. As a group, research analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

Eastern Platinum Company Profile

(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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