Eastern Platinum (TSE:ELR) Stock Price Crosses Above 200-Day Moving Average of $0.17

Eastern Platinum Limited (TSE:ELR)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Eastern Platinum Stock Up 11.1 %

The stock has a market capitalization of C$40.38 million, a price-to-earnings ratio of 1.82 and a beta of 1.51. The company has a quick ratio of 0.48, a current ratio of 0.76 and a debt-to-equity ratio of 63.91. The firm has a 50-day moving average of C$0.21 and a two-hundred day moving average of C$0.17.

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