Eastern Platinum (TSE:ELR) Stock Price Up 27.3% – Time to Buy?

Eastern Platinum Limited (TSE:ELR)’s stock price was up 27.3% during mid-day trading on Tuesday . The company traded as high as C$0.72 and last traded at C$0.70. Approximately 661,446 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 339,239 shares. The stock had previously closed at C$0.55.

Eastern Platinum Trading Up 20.0%

The company has a fifty day moving average of C$0.39 and a two-hundred day moving average of C$0.30. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of C$134.30 million, a price-to-earnings ratio of -6.00 and a beta of 2.17.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings data on Friday, November 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$19.14 million for the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%. On average, research analysts expect that Eastern Platinum Limited will post -0.11 EPS for the current year.

Eastern Platinum Company Profile

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.