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Eastern Platinum (TSE:ELR) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Eastern Platinum Limited (TSE:ELR - Get Free Report) 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 traded.

Eastern Platinum Price Performance

The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of C$0.23 and a 200-day simple moving average of C$0.20. The company has a market cap of C$51.84 million, a price-to-earnings ratio of -2.32 and a beta of 1.25.

Eastern Platinum Company Profile

(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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