Eastern Platinum (TSE:ELR) Stock Price Down 24.1% – What’s Next?

Shares of Eastern Platinum Limited (TSE:ELR) were down 24.1% during trading on Friday . The stock traded as low as C$0.30 and last traded at C$0.33. Approximately 2,029,773 shares changed hands during trading, an increase of 489% from the average daily volume of 344,560 shares. The stock had previously closed at C$0.44.

Eastern Platinum Stock Down 24.1%

The company has a debt-to-equity ratio of 112.08, a current ratio of 0.46 and a quick ratio of 0.48. The firm’s 50-day moving average is C$0.46 and its 200 day moving average is C$0.47. The stock has a market cap of C$67.98 million, a price-to-earnings ratio of -4.13 and a beta of 2.86.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) EPS 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. Sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share 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.