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

Eastern Platinum Limited (TSE:ELR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.41 and traded as high as C$0.42. Eastern Platinum shares last traded at C$0.39, with a volume of 371,116 shares trading hands.

Eastern Platinum Trading Up 2.6%

The company has a debt-to-equity ratio of 8.00, a quick ratio of 0.48 and a current ratio of 0.45. The company has a market capitalization of C$79.36 million, a PE ratio of -3.55 and a beta of 2.50. The stock has a fifty day moving average of C$0.54 and a 200 day moving average of C$0.41.

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.