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Eastern Platinum (TSE:ELR) Shares Cross Above 200 Day Moving Average - Should You Sell?

Eastern Platinum logo with Basic Materials background

Key Points

  • Earnings Performance: Eastern Platinum's stock has recently crossed above its two hundred day moving average, trading at C$0.25 with a volume of 54,700 shares.
  • Market Capitalization: The company has a market capitalization of C$50.82 million and a P/E ratio of -2.27, indicating it is currently unprofitable.
  • Business Focus: Eastern Platinum is engaged in the mining, exploration, and development of platinum group metals and chrome properties in South Africa.
  • Five stocks we like better than Eastern Platinum.

Eastern Platinum Limited (TSE:ELR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.20 and traded as high as C$0.26. Eastern Platinum shares last traded at C$0.25, with a volume of 54,700 shares trading hands.

Eastern Platinum Stock Performance

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's 50-day moving average price is C$0.23 and its two-hundred day moving average price is C$0.20. The firm has a market capitalization of C$51.84 million, a price-to-earnings ratio of -2.32 and a beta of 1.25.

About Eastern Platinum

(Get Free Report)

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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