Eastern Platinum (TSE:ELR) Trading 6% Higher – Should You Buy?

Eastern Platinum Limited (TSE:ELRGet Free Report) shares shot up 6% on Tuesday . The company traded as high as C$0.55 and last traded at C$0.53. 376,574 shares traded hands during trading, a decline of 34% from the average session volume of 572,715 shares. The stock had previously closed at C$0.50.

Eastern Platinum Stock Performance

The firm has a 50 day moving average of C$0.51 and a 200-day moving average of C$0.34. The company has a market cap of C$113.95 million, a P/E ratio of -5.09 and a beta of 2.33. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Eastern Platinum (TSE:ELRGet Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%.The firm had revenue of C$19.14 million for the quarter. As a group, sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 EPS for the current fiscal 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.

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