Eastern Platinum Limited’s stock price saw a significant boost on Friday as it passed above its two hundred day moving average. Trading at a high of C$0.21, the stock closed at C$0.20 with a volume of 14,600 shares changing hands. This surge in price comes amidst positive market performance for the company.
With a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.15, Eastern Platinum is showing strong momentum in the market. The company has a debt-to-equity ratio of 66.16, a current ratio of 0.76, and a quick ratio of 0.48. With a market capitalization of C$40.38 million and a price-to-earnings ratio of 2.00, Eastern Platinum is positioning itself as a promising player in the industry.
In its latest earnings report released on May 3rd, Eastern Platinum reported earnings per share of C$0.03 for the quarter, showcasing a return on equity of 14.86% and a net margin of 13.36%. With revenue of C$41.48 million for the quarter, analysts are anticipating that the company will post -0.11 EPS for the current year.
Eastern Platinum Limited, known for its mining and exploration of platinum group metal (PGM) and chrome properties in South Africa, holds a strong position in the market. With projects like the Crocodile River Mine and the Kennedy’s Vale project, the company continues to make strides in the industry. Investors and analysts are keeping a close eye on Eastern Platinum as it continues to show promising growth prospects.
