Eastern Platinum (TSE:ELR) Shares Cross Above 200 Day Moving Average of $0.13

Eastern Platinum Limited (TSE:ELR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.13 and traded as high as C$0.17. Eastern Platinum shares last traded at C$0.17, with a volume of 224,250 shares changing hands.

Eastern Platinum Price Performance

The company has a market capitalization of C$33.31 million, a price-to-earnings ratio of 1.65 and a beta of 1.56. The stock has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.13. The company has a debt-to-equity ratio of 66.16, a current ratio of 0.76 and a quick ratio of 0.48.

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.