Eastern Platinum (TSE:ELR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Eastern Platinum Limited (TSE:ELR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.18 and traded as high as C$0.22. Eastern Platinum shares last traded at C$0.21, with a volume of 143,000 shares changing hands.

Eastern Platinum Trading Down 2.4 %

The firm has a market cap of C$41.48 million, a price-to-earnings ratio of 4.10 and a beta of 1.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.48. The company’s 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.18.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$25.70 million for the quarter. Eastern Platinum had a return on equity of 10.68% and a net margin of 10.38%. As a group, research analysts expect that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

About Eastern Platinum

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.