Eastern Platinum (TSE:ELR) Stock Price Down 10.6% – Should You Sell?

Eastern Platinum Limited (TSE:ELR)’s share price dropped 10.6% on Thursday. The stock traded as low as C$0.20 and last traded at C$0.21. 178,455 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 249,663 shares. The stock had previously closed at C$0.23.

Eastern Platinum Price Performance

The company has a current ratio of 0.41, a quick ratio of 0.48 and a debt-to-equity ratio of 113.44. The firm has a market cap of C$41.20 million, a price-to-earnings ratio of -2.00 and a beta of 3.57. The stock has a 50-day moving average of C$0.32 and a two-hundred day moving average of C$0.42.

Eastern Platinum (TSE:ELR) last issued its earnings results on Thursday, August 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$11.32 million during the quarter. Eastern Platinum had a negative net margin of 34.25% and a negative return on equity of 31.80%. On average, analysts anticipate that Eastern Platinum Limited will post -0.11 EPS 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.