Eastern Platinum Limited (TSE:ELR) experienced a surge in its share price as it crossed above its two hundred day moving average during trading on Friday. The stock, which has a market capitalization of C$45.43 million, traded as high as C$0.23 before closing at C$0.23. A total of 23,971 shares changed hands, indicating strong investor interest in the company.
The company’s price-to-earnings ratio stands at 2.05, with a beta of 1.51. Eastern Platinum’s 50-day simple moving average is C$0.20, while its 200-day moving average is C$0.17. The company has a debt-to-equity ratio of 63.91, a quick ratio of 0.48, and a current ratio of 0.76.
In its most recent quarterly earnings report released on May 14th, Eastern Platinum reported earnings per share of C($0.01). The company had a return on equity of 17.21% and a net margin of 12.61%. Analysts are anticipating that Eastern Platinum Limited will post earnings per share of -0.11 for the current year.
Eastern Platinum Limited is a mining company that focuses on the exploration and development of platinum group metal and chrome properties in South Africa. The company holds interests in the Crocodile River Mine, Kennedy’s Vale project, and the Mareesburg project, all located in the Bushveld Complex.
Investors and analysts are keeping a close eye on Eastern Platinum as it continues to show positive price performance and strong fundamentals in the mining sector. Keep up-to-date with the latest news and analyst ratings for Eastern Platinum by subscribing to MarketBeat.com’s FREE daily email newsletter.
