Eastern Platinum (TSE:ELR) Trading 7.1% Higher – Here’s Why

Eastern Platinum Limited (TSE:ELR) was up 7.1% during trading on Wednesday . The company traded as high as C$0.46 and last traded at C$0.45. Approximately 50,122 shares were traded during trading, a decline of 88% from the average daily volume of 427,539 shares. The stock had previously closed at C$0.42.

Eastern Platinum Stock Up 16.7%

The company has a market cap of C$99.71 million, a price-to-earnings ratio of -4.45 and a beta of 2.50. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 8.00. The business has a fifty day moving average price of C$0.53 and a two-hundred day moving average price of C$0.41.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings results on Wednesday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter. Eastern Platinum had a negative return on equity of 32.67% and a negative net margin of 40.52%.The company had revenue of C$29.83 million during the quarter. On average, equities analysts predict that Eastern Platinum Limited will post -0.11 earnings per share 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.