Eastern Platinum (TSE:ELR) Stock Price Up 20.8% – Here’s Why

Eastern Platinum Limited (TSE:ELRGet Free Report) shares traded up 20.8% on Tuesday . The company traded as high as C$0.79 and last traded at C$0.64. 1,466,082 shares were traded during mid-day trading, an increase of 164% from the average session volume of 554,740 shares. The stock had previously closed at C$0.53.

Eastern Platinum Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.64. The company has a market cap of C$132.27 million, a PE ratio of -5.91 and a beta of 2.33. The company’s 50 day moving average price is C$0.54 and its 200-day moving average price is C$0.36.

About Eastern Platinum

(Get Free Report)

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.

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