Eastern Platinum (TSE:ELR) Shares Down 12.5% – Time to Sell?

Eastern Platinum Limited (TSE:ELR) traded down 12.5% during trading on Friday . The stock traded as low as C$0.36 and last traded at C$0.42. 595,071 shares were traded during trading, an increase of 108% from the average daily volume of 285,645 shares. The stock had previously closed at C$0.48.

Eastern Platinum Stock Performance

The stock has a market capitalization of C$82.40 million, a P/E ratio of -4.00 and a beta of 3.08. The stock has a 50 day simple moving average of C$0.36 and a two-hundred day simple moving average of C$0.43. The company has a quick ratio of 0.48, a current ratio of 0.41 and a debt-to-equity ratio of 113.44.

Eastern Platinum (TSE:ELR) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.04) EPS for the quarter. Eastern Platinum had a negative net margin of 34.25% and a negative return on equity of 31.80%. The company had revenue of C$11.32 million during the quarter. On average, equities analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

About Eastern Platinum

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.