Eastern Platinum (TSE:ELR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Eastern Platinum Limited (TSE:ELR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.18 and traded as high as C$0.21. Eastern Platinum shares last traded at C$0.20, with a volume of 27,523 shares.

Eastern Platinum Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.18. The company has a market capitalization of C$39.46 million, a P/E ratio of 3.90 and a beta of 1.54.

Eastern Platinum (TSE:ELR) last issued its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$25.70 million for the quarter. Eastern Platinum had a net margin of 10.38% and a return on equity of 10.68%. As a group, equities analysts expect that Eastern Platinum Limited will post -0.11 EPS for the current year.

Eastern Platinum Company Profile

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.