Eastern Platinum (TSE:ELR) Trading 12.2% Higher – Here’s What Happened

Eastern Platinum Limited (TSE:ELR) shares rose 12.2% during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 215,497 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 153,943 shares. The stock had previously closed at C$0.25.

Eastern Platinum Stock Performance

The firm has a fifty day moving average of C$0.27 and a 200 day moving average of C$0.25. The stock has a market capitalization of C$60.03 million, a price-to-earnings ratio of -2.68 and a beta of 1.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48.

Eastern Platinum (TSE:ELR) last released its earnings results on Friday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$19.14 million for the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%. On average, sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal 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.