Eastern Platinum (TSE:ELR) Reaches New 52-Week High at $0.21

Eastern Platinum Limited (TSE:ELR)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21, with a volume of 104509 shares changing hands. The stock had previously closed at C$0.21.

Eastern Platinum Price Performance

The company has a debt-to-equity ratio of 66.16, a quick ratio of 0.48 and a current ratio of 0.76. The company has a market capitalization of C$42.40 million, a price-to-earnings ratio of 2.10 and a beta of 1.51. The business’s 50 day moving average is C$0.13 and its 200 day moving average is C$0.14.

Eastern Platinum (TSE:ELR) last released its earnings results on Friday, May 3rd. The company reported C$0.03 EPS for the quarter. Eastern Platinum had a return on equity of 14.86% and a net margin of 13.36%. The firm had revenue of C$41.48 million during the quarter. Sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current year.

About Eastern Platinum

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.