Eastern Platinum (TSE:ELR) Shares Pass Above 200-Day Moving Average – What’s Next?

Eastern Platinum Limited (TSE:ELR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.44 and traded as high as C$0.54. Eastern Platinum shares last traded at C$0.51, with a volume of 71,429 shares trading hands.

Eastern Platinum Trading Down 1.9%

The stock has a 50 day simple moving average of C$0.48 and a 200-day simple moving average of C$0.44. The firm has a market capitalization of C$104.52 million, a P/E ratio of -5.67 and a beta of 2.86. The company has a current ratio of 0.47, a quick ratio of 0.48 and a debt-to-equity ratio of 15.61.

Eastern Platinum (TSE:ELR) last released its quarterly earnings results on Wednesday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative net margin of 29.83% and a negative return on equity of 27.28%. On average, equities research 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.