Eastern Platinum (TSE:ELR) Shares Down 9.4% – Time to Sell?

Eastern Platinum Limited (TSE:ELR) shares dropped 9.4% on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 88,050 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 84,032 shares. The stock had previously closed at C$0.16.

Eastern Platinum Trading Down 9.4 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.75. The business has a 50 day simple moving average of C$0.18 and a 200-day simple moving average of C$0.18. The stock has a market capitalization of C$29.34 million, a P/E ratio of 2.90 and a beta of 1.54.

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.