Eastern Platinum (TSE:ELR) Stock Price Down 11.8% – Time to Sell?

Shares of Eastern Platinum Limited (TSE:ELR) were down 11.8% during trading on Friday . The company traded as low as C$0.45 and last traded at C$0.45. Approximately 274,194 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 368,828 shares. The stock had previously closed at C$0.51.

Eastern Platinum Price Performance

The business’s 50 day moving average price is C$0.47 and its 200 day moving average price is C$0.45. The stock has a market capitalization of C$90.17 million, a P/E ratio of -4.89 and a beta of 2.86. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.47 and a quick ratio of 0.48.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) EPS for the quarter. Eastern Platinum had a negative return on equity of 27.28% and a negative net margin of 29.83%.The company had revenue of C$19.17 million during the quarter. Sell-side analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current 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.