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

Eastern Platinum logo with Basic Materials background

Key Points

  • Earnings Performance: Eastern Platinum's shares recently crossed above the 200-day moving average, trading at C$0.30 with a volume of 325,410 shares.
  • Financial Metrics: The company has a market cap of C$60.99 million, a debt-to-equity ratio of 0.48, and a price-to-earnings ratio of -2.73.
  • Operational Focus: Eastern Platinum Ltd. is engaged in mining, exploration, and development of platinum group metals and chrome properties in South Africa, including notable projects like Crocodile River Mine and Mareesburg.
  • Five stocks we like better than Eastern Platinum.

Shares of Eastern Platinum Limited (TSE:ELR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.20 and traded as high as C$0.30. Eastern Platinum shares last traded at C$0.30, with a volume of 325,410 shares traded.

Eastern Platinum Stock Performance

The firm 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 debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.48. The company has a market cap of C$60.99 million, a price-to-earnings ratio of -2.73 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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