Eastern Platinum (TSE:ELR) Trading Down 13.8% – Time to Sell?

Eastern Platinum Limited (TSE:ELRGet Free Report)’s share price was down 13.8% during trading on Wednesday . The stock traded as low as C$0.49 and last traded at C$0.50. Approximately 181,180 shares were traded during trading, an increase of 2% from the average daily volume of 177,689 shares. The stock had previously closed at C$0.58.

Eastern Platinum Stock Down 6.9%

The firm has a market cap of C$109.89 million, a price-to-earnings ratio of -4.91 and a beta of 2.13. The firm has a 50 day moving average of C$0.29 and a 200 day moving average of C$0.27. 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. The business had revenue of C$19.14 million for the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%. As a group, sell-side analysts predict that Eastern Platinum Limited will post -0.11 earnings per share for the current 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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