Eastern Platinum (TSE:ELR) Share Price Passes Above 200-Day Moving Average of $0.15

Eastern Platinum Limited (TSE:ELR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.15 and traded as high as C$0.21. Eastern Platinum shares last traded at C$0.20, with a volume of 14,600 shares trading hands.

Eastern Platinum Price Performance

The company has a debt-to-equity ratio of 66.16, a current ratio of 0.76 and a quick ratio of 0.48. The stock has a market capitalization of C$40.38 million, a price-to-earnings ratio of 2.00 and a beta of 1.51. The stock’s 50 day simple moving average is C$0.16 and its 200-day simple moving average is C$0.15.

Eastern Platinum (TSE:ELR) last released its quarterly earnings data on Friday, May 3rd. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$41.48 million during the quarter. Eastern Platinum had a net margin of 13.36% and a return on equity of 14.86%. On average, analysts expect that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

Eastern Platinum Company Profile

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.