Eastern Platinum (TSE:ELR) Stock Price Up 17.1% – Still a Buy?

Eastern Platinum Limited (TSE:ELR)’s share price traded up 17.1% on Thursday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 631,806 shares were traded during mid-day trading, an increase of 124% from the average session volume of 281,593 shares. The stock had previously closed at C$0.35.

Eastern Platinum Stock Performance

The stock has a market cap of C$79.31 million, a PE ratio of -3.85 and a beta of 3.08. The company has a debt-to-equity ratio of 113.44, a current ratio of 0.41 and a quick ratio of 0.48. The business has a 50 day moving average price of C$0.36 and a two-hundred day moving average price of C$0.43.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$11.32 million during the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%. As a group, equities research analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

Eastern Platinum Company Profile

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.