Eastern Platinum (TSE:ELR) Sets New 52-Week Low – What’s Next?

Eastern Platinum Limited (TSE:ELR)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 6743 shares changing hands. The stock had previously closed at C$0.13.

Eastern Platinum Trading Down 8.0 %

The stock has a 50-day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.17. The firm has a market cap of C$16.37 million, a PE ratio of 20.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.64.

About Eastern Platinum

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.