Eastern Platinum (TSE:ELR) Issues Quarterly Earnings Results

Eastern Platinum (TSE:ELR) announced its earnings results on Wednesday. The company reported C($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative return on equity of 32.67% and a negative net margin of 40.52%.

Eastern Platinum Stock Down 14.0%

Shares of TSE ELR opened at C$0.49 on Friday. The stock has a market cap of C$99.71 million, a PE ratio of -4.45 and a beta of 2.50. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 8.00. Eastern Platinum has a 12-month low of C$0.11 and a 12-month high of C$0.99. The company has a 50-day moving average of C$0.52 and a 200 day moving average of C$0.41.

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.