Eastern Platinum (TSE:ELR) Hits New 52-Week High - Here's Why

Key Points

• Easter Platinum Limited achieved a new 52-week high, trading as high as C$0.38, indicative of increasing investor interest with a volume of over 1.48 million shares traded.
• The company's market capitalization stands at C$72.17 million with a PE ratio of -3.23, suggesting challenges in profitability.
• Eastern Platinum is involved in the mining and development of platinum group metals (PGM) and chrome properties, primarily located in South Africa.

Eastern Platinum Limited (TSE:ELR - ) reached a new 52-week high on Monday . The stock traded as high as C$0.38 and last traded at C$0.37, with a volume of 1484260 shares changing hands. The stock had previously closed at C$0.33.

Eastern Platinum Price Performance

The company has a market capitalization of C$72.17 million, a PE ratio of -3.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48. The stock's 50 day simple moving average is C$0.23 and its 200-day simple moving average is C$0.20.

Eastern Platinum Company Profile

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.

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