Eastern Platinum (TSE:ELR) Trading Down 14.3% – What’s Next?

Eastern Platinum Limited (TSE:ELRGet Free Report)’s stock price dropped 14.3% during trading on Wednesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 628,252 shares were traded during trading, an increase of 322% from the average daily volume of 148,809 shares. The stock had previously closed at C$0.25.

Eastern Platinum Stock Down 6.1%

The firm’s 50 day simple moving average is C$0.27 and its 200-day simple moving average is C$0.23. The stock has a market capitalization of C$46.76 million, a price-to-earnings ratio of -2.09 and a beta of 1.92. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

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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