Eastern Platinum (TSE:ELR) Stock Price Up 14.1% – Time to Buy?

Eastern Platinum Limited (TSE:ELR) shares rose 14.1% during mid-day trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.49. Approximately 453,936 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 354,887 shares. The stock had previously closed at C$0.43.

Eastern Platinum Stock Up 16.5%

The company has a current ratio of 0.46, a quick ratio of 0.48 and a debt-to-equity ratio of 112.08. The company has a market capitalization of C$101.97 million, a price-to-earnings ratio of -6.19 and a beta of 2.86. The firm’s 50 day simple moving average is C$0.45 and its 200-day simple moving average is C$0.46.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%.The company had revenue of C$19.17 million for the quarter. On average, sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 EPS for the current fiscal 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.