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

Eastern Platinum Limited (TSE:ELRGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.40 and traded as high as C$0.41. Eastern Platinum shares last traded at C$0.38, with a volume of 387,135 shares changing hands.

Eastern Platinum Stock Performance

The company has a debt-to-equity ratio of 8.00, a current ratio of 0.45 and a quick ratio of 0.48. The firm has a market capitalization of C$77.33 million, a PE ratio of -3.45 and a beta of 2.50. The company’s fifty day simple moving average is C$0.55 and its 200 day simple moving average is C$0.40.

About Eastern Platinum

(Get Free Report)

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.

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