Eastmain Resources Inc. (ER.TO) (TSE:ER) Shares Up 10%

Eastmain Resources Inc. (ER.TO) (TSE:ER) shares rose 10% on Monday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 21,055 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 486,551 shares. The stock had previously closed at C$0.25.

Eastmain Resources Inc. (ER.TO) Stock Up 10.0 %

The firm’s 50 day moving average is C$0.28. The company has a market capitalization of C$79.92 million and a PE ratio of -4.66. The company has a current ratio of 1.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44.

About Eastmain Resources Inc. (ER.TO)

Eastmain Resources Inc, together with its subsidiary, Eastmain Mines Inc, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold, silver, nickel, platinum, and copper deposits. Its flagship project is the Clearwater project, which hosts the Eau Claire gold deposit covering an area of 201 square kilometers located in the central portion of the Eastmain River Greenstone Belt within the James Bay Mining District of Québec.