Eastern Platinum (TSE:ELR) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Eastern Platinum's stock price has crossed above its 200-day moving average, with recent trading at C$0.33, up 10.2% during the session.
• The company has a market capitalization of C$66.07 million and a PE ratio of -2.95, indicating a potential for loss.
• Eastern Platinum is engaged in the mining and exploration of platinum group metals and chrome properties in South Africa, including notable projects like Crocodile River Mine and Mareesburg.

Eastern Platinum Limited (TSE:ELR - )'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.21 and traded as high as C$0.34. Eastern Platinum shares last traded at C$0.33, with a volume of 258,189 shares traded.

Eastern Platinum Stock Up 10.2%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a market cap of C$66.07 million, a PE ratio of -2.95 and a beta of 1.67. The stock has a fifty day moving average price of C$0.24 and a 200-day moving average price of C$0.21.

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.

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