Eastern Platinum (TSE:ELR) Releases Earnings Results

Eastern Platinum (TSE:ELR) issued its quarterly earnings results on Wednesday. The company reported C($0.05) EPS for the quarter, FiscalAI reports. The firm had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative net margin of 40.52% and a negative return on equity of 32.67%.

Eastern Platinum Trading Down 8.8%

Shares of ELR stock traded down C$0.05 on Thursday, hitting C$0.52. 105,776 shares of the company’s stock traded hands, compared to its average volume of 437,447. The company has a debt-to-equity ratio of 8.00, a quick ratio of 0.48 and a current ratio of 0.45. Eastern Platinum has a one year low of C$0.11 and a one year high of C$0.99. The company’s fifty day simple moving average is C$0.53 and its 200 day simple moving average is C$0.41. The stock has a market capitalization of C$105.82 million, a price-to-earnings ratio of -4.73 and a beta of 2.50.

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.