Eastern Platinum (TSE:ELR) Trading Up 6.1% – Here’s Why

Eastern Platinum Limited (TSE:ELR)’s share price was up 6.1% during trading on Thursday . The company traded as high as C$0.44 and last traded at C$0.44. Approximately 48,365 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 386,018 shares. The stock had previously closed at C$0.41.

Eastern Platinum Stock Up 18.3%

The business’s 50 day moving average is C$0.49 and its 200 day moving average is C$0.44. The company has a debt-to-equity ratio of 15.61, a quick ratio of 0.48 and a current ratio of 0.47. The stock has a market cap of C$111.92 million, a price-to-earnings ratio of -6.11 and a beta of 2.89.

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 return on equity of 27.28% and a negative net margin of 29.83%.The company had revenue of C$29.83 million for the quarter. Equities analysts expect that Eastern Platinum Limited will post -0.11 earnings per share 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.