Eastern Platinum (TSE:ELR) Share Price Passes Above Two Hundred Day Moving Average of $0.17

Eastern Platinum Limited (TSE:ELR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.20. Eastern Platinum shares last traded at C$0.20, with a volume of 11,000 shares traded.

Eastern Platinum Price Performance

The company’s 50-day simple moving average is C$0.21 and its 200-day simple moving average is C$0.17. The company has a debt-to-equity ratio of 63.91, a quick ratio of 0.48 and a current ratio of 0.76. The company has a market capitalization of C$40.38 million, a PE ratio of 1.82 and a beta of 1.51.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Eastern Platinum had a net margin of 12.61% and a return on equity of 17.21%. The company had revenue of C$21.18 million during the quarter. As a group, sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

Eastern Platinum Company Profile

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.