Eastern Platinum (TSE:ELR) Trading Down 24.1% – Here’s Why

Shares of Eastern Platinum Limited (TSE:ELR) were down 24.1% on Friday . The stock traded as low as C$0.30 and last traded at C$0.33. Approximately 2,029,773 shares changed hands during trading, an increase of 489% from the average daily volume of 344,560 shares. The stock had previously closed at C$0.44.

Eastern Platinum Price Performance

The company has a debt-to-equity ratio of 112.08, a quick ratio of 0.48 and a current ratio of 0.46. The company has a market cap of C$65.92 million, a P/E ratio of -4.00 and a beta of 2.78. The firm has a 50 day moving average price of C$0.46 and a two-hundred day moving average price of C$0.47.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$19.17 million for the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%. On average, analysts predict 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.