Eastern Platinum (TSE:ELR) Stock Price Down 24.1% – What’s Next?

Eastern Platinum Limited (TSE:ELR)’s stock price dropped 24.1% on Friday . The company traded as low as C$0.30 and last traded at C$0.33. Approximately 2,029,773 shares changed hands during mid-day trading, an increase of 489% from the average daily volume of 344,560 shares. The stock had previously closed at C$0.44.

Eastern Platinum Trading Down 24.1%

The business’s 50-day moving average price is C$0.46 and its two-hundred day moving average price is C$0.47. The company has a debt-to-equity ratio of 112.08, a current ratio of 0.46 and a quick ratio of 0.48. The firm has a market cap of C$67.98 million, a price-to-earnings ratio of -4.13 and a beta of 2.86.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.03) 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 firm had revenue of C$19.17 million during the quarter. Equities analysts expect 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.