Eastern Platinum (TSE:ELR) Reaches New 12-Month High – Still a Buy?

Shares of Eastern Platinum Limited (TSE:ELR) reached a new 52-week high on Monday . The stock traded as high as C$0.56 and last traded at C$0.53, with a volume of 568476 shares traded. The stock had previously closed at C$0.45.

Eastern Platinum Trading Up 1.7%

The stock has a market capitalization of C$120.06 million, a PE ratio of -5.36 and a beta of 2.13. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of C$0.30 and a 200-day moving average price of C$0.27.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings results on Friday, November 14th. The company reported C($0.01) earnings per share for the quarter. Eastern Platinum had a net margin of 1.09% and a return on equity of 0.88%. The company had revenue of C$19.14 million for the quarter. As a group, equities analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

About Eastern Platinum

Eastern Platinum Ltd. is engaged in mining, exploration, and development of platinum group metal (PGM) and chrome properties located in various provinces in South Africa. The firm’s projects include Crocodile River Mine and Mareesburg.