Eastern Platinum (TSE:ELR) Shares Cross Above Two Hundred Day Moving Average of $0.17

Shares of Eastern Platinum Limited (TSE:ELR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.18. Eastern Platinum shares last traded at C$0.18, with a volume of 3,700 shares traded.

Eastern Platinum Stock Down 5.6 %

The company has a market cap of C$34.32 million, a P/E ratio of 1.55 and a beta of 1.51. The stock’s 50-day moving average price is C$0.21 and its 200-day moving average price is C$0.17. The company has a current ratio of 0.76, a quick ratio of 0.48 and a debt-to-equity ratio of 63.91.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$21.18 million during the quarter. Eastern Platinum had a net margin of 12.61% and a return on equity of 17.21%. As a group, research analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current year.

About Eastern Platinum

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.