Eastern Platinum (TSE:ELR) Releases Earnings Results

Eastern Platinum (TSE:ELR) announced its earnings results on Thursday. The company reported C($0.03) EPS for the quarter, FiscalAI reports. Eastern Platinum had a negative net margin of 29.83% and a negative return on equity of 27.28%. The business had revenue of C$19.17 million during the quarter.

Eastern Platinum Stock Performance

Eastern Platinum stock traded down C$0.07 during midday trading on Friday, hitting C$0.44. 368,572 shares of the company’s stock were exchanged, compared to its average volume of 371,821. The company has a debt-to-equity ratio of 15.61, a quick ratio of 0.48 and a current ratio of 0.47. The stock has a market cap of C$90.17 million, a price-to-earnings ratio of -4.89 and a beta of 2.86. Eastern Platinum has a 12-month low of C$0.13 and a 12-month high of C$0.99. The firm’s 50 day simple moving average is C$0.46 and its 200 day simple moving average is C$0.45.

Eastern Platinum Company Profile

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.