Eastern Platinum (TSE:ELR) Shares Down 16.7% – Here’s Why

Eastern Platinum Limited (TSE:ELRGet Free Report) traded down 16.7% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. 108,728 shares traded hands during trading, an increase of 210% from the average session volume of 35,127 shares. The stock had previously closed at C$0.15.

Eastern Platinum Trading Down 16.7 %

The business’s 50-day moving average price is C$0.16 and its two-hundred day moving average price is C$0.17. The firm has a market cap of C$25.29 million, a price-to-earnings ratio of 2.50 and a beta of 1.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.48.

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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