Eastern Platinum (TSE:ELR) Hits New 1-Year High – Time to Buy?

Eastern Platinum Limited (TSE:ELR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.40 and last traded at C$0.39, with a volume of 1272123 shares trading hands. The stock had previously closed at C$0.35.

Eastern Platinum Trading Up 12.9%

The stock has a fifty day simple moving average of C$0.27 and a 200 day simple moving average of C$0.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a market cap of C$80.38 million, a P/E ratio of -3.59 and a beta of 2.13.

Eastern Platinum (TSE:ELR) last released its quarterly earnings data on Friday, November 14th. The company reported C($0.01) EPS for the quarter. Eastern Platinum had a net margin of 1.09% and a return on equity of 0.88%. The business had revenue of C$19.14 million for the quarter. On average, research analysts expect that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

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.