Eastern Platinum (TSE:ELR) Trading Up 7.1% – What’s Next?

Eastern Platinum Limited (TSE:ELR)’s stock price traded up 7.1% during mid-day trading on Wednesday . The stock traded as high as C$0.46 and last traded at C$0.45. 50,122 shares changed hands during trading, a decline of 88% from the average session volume of 427,539 shares. The stock had previously closed at C$0.42.

Eastern Platinum Trading Up 16.7%

The business has a 50-day moving average of C$0.53 and a 200-day moving average of C$0.41. The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 8.00. The stock has a market cap of C$99.71 million, a price-to-earnings ratio of -4.45 and a beta of 2.50.

Eastern Platinum (TSE:ELR) last issued its earnings results on Wednesday, April 1st. The company reported C($0.05) earnings per share for the quarter. Eastern Platinum had a negative return on equity of 32.67% and a negative net margin of 40.52%.The firm had revenue of C$29.83 million during the quarter. As a group, research analysts forecast that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

About Eastern Platinum

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.