Eastern Platinum (TSE:ELR) Announces Earnings Results

Eastern Platinum (TSE:ELR) released its quarterly earnings data on Thursday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$11.32 million during the quarter. Eastern Platinum had a negative net margin of 25.67% and a negative return on equity of 23.99%.

Eastern Platinum Stock Down 1.1%

ELR opened at C$0.43 on Friday. The business’s 50-day simple moving average is C$0.35 and its 200-day simple moving average is C$0.44. The stock has a market capitalization of C$89.61 million, a P/E ratio of -5.44 and a beta of 3.08. The company has a debt-to-equity ratio of 112.08, a quick ratio of 0.48 and a current ratio of 0.46. Eastern Platinum has a one year low of C$0.17 and a one year high of C$0.99.

About Eastern Platinum

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.