Eastern Platinum (TSE:ELR) Stock Passes Above 200-Day Moving Average – Time to Sell?

Eastern Platinum Limited (TSE:ELR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.33 and traded as high as C$0.58. Eastern Platinum shares last traded at C$0.56, with a volume of 483,306 shares traded.

Eastern Platinum Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48. The stock has a 50 day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.33. The company has a market cap of C$113.95 million, a PE ratio of -5.09 and a beta of 2.17.

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