Eastern Platinum (TSE:ELR) Shares Cross Above 200-Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyEastern Platinum Limited (TSE:ELR – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.42 and traded as high as C$0.51. Eastern Platinum shares last traded at C$0.46, with a volume of 273,276 shares.
Eastern Platinum Trading Down 1.1%
The stock’s fifty day simple moving average is C$0.49 and its 200-day simple moving average is C$0.42. The firm has a market cap of C$91.57 million, a PE ratio of -5.00 and a beta of 2.89. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.47 and a quick ratio of 0.48.
Eastern Platinum (TSE:ELR – Get Free Report) last issued its earnings results on Wednesday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter. Eastern Platinum had a negative return on equity of 27.28% and a negative net margin of 29.83%.The business had revenue of C$29.83 million for the quarter. On average, sell-side analysts forecast that Eastern Platinum Limited will post -0.11 earnings per share for the current year.
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.