Eastern Platinum (TSE:ELR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Eastern Platinum Limited (TSE:ELRGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . 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 77,120 shares changing hands.

Eastern Platinum Stock Performance

The company has a market capitalization of C$35.41 million, a PE ratio of 3.50 and a beta of 1.54. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is C$0.15 and its 200-day simple moving average is C$0.17.

Eastern Platinum (TSE:ELRGet Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported C($0.03) earnings per share for the quarter. Eastern Platinum had a return on equity of 10.68% and a net margin of 10.38%. On average, research analysts predict that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

About Eastern Platinum

(Get Free Report)

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.

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