Eastern Platinum (TSE:ELR) Announces Quarterly Earnings Results

Eastern Platinum (TSE:ELR) posted its earnings results on Wednesday. The company reported C($0.05) EPS for the quarter, FiscalAI reports. Eastern Platinum had a negative net margin of 40.52% and a negative return on equity of 32.67%. The company had revenue of C$29.83 million for the quarter.

Eastern Platinum Price Performance

ELR stock remained flat at C$0.42 on Wednesday. The company had a trading volume of 29,622 shares, compared to its average volume of 427,269. Eastern Platinum has a 1-year low of C$0.11 and a 1-year high of C$0.99. The company has a market capitalization of C$85.47 million, a P/E ratio of -3.82 and a beta of 2.50. The business has a 50 day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.41. The company has a debt-to-equity ratio of 8.00, a current ratio of 0.45 and a quick ratio of 0.48.

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.