Eastern Platinum (TSE:ELR) Sets New 1-Year Low at $0.29

Eastern Platinum Limited (TSE:ELR) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.29 and last traded at C$0.29, with a volume of 72500 shares. The stock had previously closed at C$0.31.

The business has a fifty day simple moving average of C$0.31 and a 200 day simple moving average of C$0.34. The stock has a market capitalization of C$39.88 million and a P/E ratio of 4.69. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 54.69.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings data on Thursday, August 12th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$24.55 million during the quarter. As a group, research analysts forecast that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

About Eastern Platinum (TSE:ELR)

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 interests in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); a 87% interest in the Mareesburg project situated on the eastern limb of the BCX; and a 93.4% interest in the Spitzkop project located on the eastern limb of the BCX.

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