Eastern Platinum (TSE:ELR) Releases Quarterly Earnings Results

Eastern Platinum (TSE:ELR) issued its earnings results on Friday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$19.22 million during the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%.

Eastern Platinum Trading Up 5.3%

Shares of TSE:ELR traded up C$0.01 during midday trading on Friday, reaching C$0.20. The company had a trading volume of 76,016 shares, compared to its average volume of 243,057. The company has a debt-to-equity ratio of 113.44, a quick ratio of 0.48 and a current ratio of 0.41. Eastern Platinum has a 1-year low of C$0.19 and a 1-year high of C$0.99. The firm has a market cap of C$41.20 million, a price-to-earnings ratio of -2.00 and a beta of 3.59. The company has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.40.

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.