Eastern Platinum (TSE:ELR) Trading 7.1% Higher – Should You Buy?

Eastern Platinum Limited (TSE:ELR) was up 7.1% during mid-day trading on Wednesday . The company traded as high as C$0.46 and last traded at C$0.45. Approximately 50,122 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 427,539 shares. The stock had previously closed at C$0.42.

Eastern Platinum Stock Performance

The stock’s 50-day moving average price is C$0.52 and its 200 day moving average price is C$0.41. The firm has a market cap of C$99.71 million, a P/E ratio of -4.45 and a beta of 2.50. The company has a debt-to-equity ratio of 8.00, a current ratio of 0.45 and a quick ratio of 0.48.

Eastern Platinum (TSE:ELR) last issued its quarterly earnings results on Wednesday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter. Eastern Platinum had a negative net margin of 40.52% and a negative return on equity of 32.67%. The business had revenue of C$29.83 million during the quarter. As a group, equities analysts predict that Eastern Platinum Limited will post -0.11 EPS for the current 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.