Eastern Platinum (TSE:ELR) Stock Price Down 10.6% – What’s Next?

Eastern Platinum Limited (TSE:ELR)’s stock price dropped 10.6% on Thursday. The company traded as low as C$0.20 and last traded at C$0.21. Approximately 178,455 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 249,663 shares. The stock had previously closed at C$0.23.

Eastern Platinum Trading Down 10.6%

The company has a debt-to-equity ratio of 113.44, a current ratio of 0.41 and a quick ratio of 0.48. The business has a 50 day simple moving average of C$0.33 and a 200-day simple moving average of C$0.42. The stock has a market capitalization of C$43.26 million, a price-to-earnings ratio of -2.10 and a beta of 3.57.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings data on Thursday, August 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$11.32 million for the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%. As a group, equities analysts expect that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

About Eastern Platinum

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.