Eastern Platinum Limited (TSE:ELR – Get Free Report)’s stock price rose 20% on Friday . The stock traded as high as C$0.39 and last traded at C$0.36. Approximately 693,792 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 360,733 shares. The stock had previously closed at C$0.30.
Eastern Platinum Trading Up 18.3%
The company’s 50 day moving average price is C$0.45 and its two-hundred day moving average price is C$0.47. The company has a debt-to-equity ratio of 112.08, a current ratio of 0.46 and a quick ratio of 0.48. The stock has a market capitalization of C$73.13 million, a PE ratio of -4.44 and a beta of 2.78.
Eastern Platinum (TSE:ELR – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. The business 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 expect that Eastern Platinum Limited will post -0.11 earnings per share for the current year.
About Eastern Platinum
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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