Eastern Platinum (TSE:ELR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Eastern Platinum Limited (TSE:ELRGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.23 and traded as high as C$0.29. Eastern Platinum shares last traded at C$0.27, with a volume of 33,624 shares traded.

Eastern Platinum Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48. The company has a 50-day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.23. The stock has a market capitalization of C$54.89 million, a price-to-earnings ratio of -2.45 and a beta of 1.67.

Eastern Platinum Company Profile

(Get Free Report)

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.

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