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

Eastern Platinum Limited (TSE:ELR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Eastern Platinum Stock Performance

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

Eastern Platinum (TSE:ELR) last posted its quarterly earnings data on Friday, November 8th. The company reported C($0.03) EPS for the quarter. Eastern Platinum had a return on equity of 10.68% and a net margin of 10.38%. Analysts anticipate 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.