Eastern Platinum (TSE:ELR) Shares Up 21.3% - What's Next?

Key Points

• Eastern Platinum Limited (TSE:ELR) shares increased by 21.3% during trading on Wednesday, reaching a high of C$0.37.
• The stock's trading volume rose significantly, with 373,890 shares traded, a 163% increase from the average session volume.
• Eastern Platinum, with a market capitalization of C$75.22 million, is involved in the mining and development of platinum group metals and chrome properties in South Africa.

Eastern Platinum Limited (TSE:ELR - )'s share price shot up 21.3% during mid-day trading on Wednesday . The stock traded as high as C$0.37 and last traded at C$0.37. 373,890 shares were traded during trading, an increase of 163% from the average session volume of 142,189 shares. The stock had previously closed at C$0.31.

Eastern Platinum Trading Up 21.3%

The firm has a market capitalization of C$75.22 million, a PE ratio of -3.36 and a beta of 1.67. The company's 50-day simple moving average is C$0.24 and its 200 day simple moving average is C$0.21. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

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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