Eastern Platinum Limited (TSE:ELR – Get Free Report)’s share price shot up 17.1% during mid-day trading on Thursday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 631,806 shares were traded during trading, an increase of 124% from the average daily volume of 281,593 shares. The stock had previously closed at C$0.35.
Eastern Platinum Trading Up 18.6%
The company has a debt-to-equity ratio of 113.44, a current ratio of 0.41 and a quick ratio of 0.48. The firm has a market cap of C$85.49 million, a price-to-earnings ratio of -4.15 and a beta of 3.08. The business’s 50-day moving average price is C$0.36 and its two-hundred day moving average price is C$0.43.
Eastern Platinum (TSE:ELR – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$11.32 million for the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%. Equities analysts expect that Eastern Platinum Limited will post -0.11 earnings per share for the current year.
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.
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