Eastern Platinum (TSE:ELR) Stock Price Up 11.5% – Here’s What Happened

Eastern Platinum Limited (TSE:ELR) traded up 11.5% during trading on Thursday . The company traded as high as C$0.34 and last traded at C$0.34. 183,793 shares traded hands during trading, a decline of 45% from the average session volume of 335,635 shares. The stock had previously closed at C$0.30.

Eastern Platinum Stock Up 3.1%

The company has a market capitalization of C$67.98 million, a PE ratio of -4.12 and a beta of 2.78. The stock’s fifty day moving average is C$0.41 and its two-hundred day moving average is C$0.48. The company has a current ratio of 0.46, a quick ratio of 0.48 and a debt-to-equity ratio of 112.08.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$19.17 million for the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%. As a group, analysts predict that Eastern Platinum Limited will post -0.11 EPS for the current year.

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.