Eastern Platinum (TSE:ELR) Stock Price Up 11.5% – Still a Buy?

Eastern Platinum Limited (TSE:ELRGet Free Report) traded up 11.5% on Thursday . The company traded as high as C$0.34 and last traded at C$0.34. Approximately 183,793 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 335,635 shares. The stock had previously closed at C$0.30.

Eastern Platinum Stock Up 13.1%

The company has a market cap of C$71.07 million, a PE ratio of -4.31 and a beta of 2.78. The business has a 50-day simple moving average of C$0.41 and a 200-day simple moving average of C$0.48. The company has a quick ratio of 0.48, a current ratio of 0.46 and a debt-to-equity ratio of 112.08.

Eastern Platinum (TSE:ELRGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$19.17 million during the quarter. Eastern Platinum had a negative net margin of 25.67% and a negative return on equity of 23.99%. Equities research analysts anticipate that Eastern Platinum Limited will post -0.11 EPS for the current year.

Eastern Platinum Company Profile

(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.

Further Reading

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