Eastern Platinum (TSE:ELR) Sets New 12-Month Low – Should You Sell?

Eastern Platinum Limited (TSE:ELR) hit a new 52-week low during trading on Thursday. The company traded as low as C$0.19 and last traded at C$0.20, with a volume of 261,994 shares traded. The stock had previously closed at C$0.21.

Eastern Platinum Trading Down 9.5%

The company has a quick ratio of 0.48, a current ratio of 0.41 and a debt-to-equity ratio of 113.44. The company’s 50-day moving average is C$0.29 and its 200 day moving average is C$0.40. The company has a market cap of C$39.14 million, a price-to-earnings ratio of -1.90 and a beta of 3.59.

Eastern Platinum (TSE:ELR) last announced its earnings results on Thursday, August 13th. The company reported C($0.04) earnings per share for the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%. The business had revenue of C$11.32 million for the quarter. Research analysts predict that Eastern Platinum Limited will post -0.11 EPS 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.