Eastern Platinum (TSE:ELR) Share Price Passes Above 200 Day Moving Average – What’s Next?

Eastern Platinum Limited (TSE:ELR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.30 and traded as high as C$0.50. Eastern Platinum shares last traded at C$0.49, with a volume of 332,548 shares traded.

Eastern Platinum Stock Up 4.3%

The company’s 50 day simple moving average is C$0.38 and its 200-day simple moving average is C$0.30. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The firm has a market cap of C$99.71 million, a P/E ratio of -4.45 and a beta of 2.17.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings results on Friday, November 14th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$19.14 million during the quarter. Eastern Platinum had a return on equity of 0.88% and a net margin of 1.09%. Research analysts forecast that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

Eastern Platinum Company Profile

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.