Eastern Platinum (TSE:ELR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Eastern Platinum Limited (TSE:ELR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.43 and traded as high as C$0.46. Eastern Platinum shares last traded at C$0.44, with a volume of 62,116 shares changing hands.

Eastern Platinum Price Performance

The firm has a market cap of C$89.54 million, a price-to-earnings ratio of -4.89 and a beta of 2.89. The business’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.43. The company has a current ratio of 0.47, a quick ratio of 0.48 and a debt-to-equity ratio of 15.61.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($0.05) EPS for the quarter. The company had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative return on equity of 27.28% and a negative net margin of 29.83%. As a group, research analysts expect that Eastern Platinum Limited will post -0.11 EPS 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.