Eastern Platinum (TSE:ELR) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Eastern Platinum Limited (TSE:ELR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.45 and traded as high as C$0.47. Eastern Platinum shares last traded at C$0.41, with a volume of 324,665 shares.

Eastern Platinum Stock Performance

The stock has a fifty day moving average price of C$0.35 and a 200 day moving average price of C$0.45. The company has a current ratio of 0.46, a quick ratio of 0.48 and a debt-to-equity ratio of 112.08. The firm has a market cap of C$88.58 million, a price-to-earnings ratio of -5.38 and a beta of 3.08.

Eastern Platinum (TSE:ELR) last posted its earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$19.17 million during the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%. As a group, analysts predict that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

Eastern Platinum Company Profile

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.