Eastern Platinum (TSE:ELR) Trading Up 20% – Still a Buy?

Eastern Platinum Limited (TSE:ELRGet Free Report) was up 20% on Friday . The stock traded as high as C$0.39 and last traded at C$0.36. Approximately 693,792 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 360,733 shares. The stock had previously closed at C$0.30.

Eastern Platinum Trading Up 25.0%

The company has a current ratio of 0.46, a quick ratio of 0.48 and a debt-to-equity ratio of 112.08. The firm has a fifty day simple moving average of C$0.45 and a two-hundred day simple moving average of C$0.47. The firm has a market cap of C$77.25 million, a PE ratio of -4.69 and a beta of 2.78.

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

About Eastern Platinum

(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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