Eastern Platinum (TSE:ELR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Eastern Platinum Limited (TSE:ELR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.42 and traded as high as C$0.51. Eastern Platinum shares last traded at C$0.46, with a volume of 273,276 shares.

Eastern Platinum Stock Performance

The stock has a market capitalization of C$92.59 million, a price-to-earnings ratio of -5.06 and a beta of 2.89. The firm has a fifty day moving average of C$0.50 and a 200 day moving average of C$0.42. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.47 and a quick ratio of 0.48.

Eastern Platinum (TSE:ELR) last posted its earnings results 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%. 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.