Free Trial

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

Eastern Platinum logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Price breakout: Eastern Platinum's shares crossed above their 200-day moving average (C$0.42), trading as high as C$0.51 and last at C$0.46 on volume of 273,276 shares.
  • Still unprofitable: The company has a market cap of C$92.59M, a negative P/E and ROE, a -29.83% net margin, and analysts expect about C($0.11) EPS for the current fiscal year.
  • Business profile: Eastern Platinum is a South Africa-focused miner and developer of platinum group metal (PGM) and chrome assets, including the Crocodile River Mine and Mareesburg projects.
  • 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$0.42 and traded as high as C$0.51. Eastern Platinum shares last traded at C$0.46, with a volume of 273,276 shares.

Eastern Platinum Stock Performance

The stock has a market capitalization of C$92.59 million, a price-to-earnings ratio of -5.06 and a beta of 2.89. The firm has a fifty day moving average of C$0.50 and a 200 day moving average of C$0.42. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.47 and a quick ratio of 0.48.

Eastern Platinum (TSE:ELR - Get Free Report) last posted its earnings results on Wednesday, April 1st. The company reported C($0.05) EPS for the quarter. The company had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative return on equity of 27.28% and a negative net margin of 29.83%. On average, sell-side analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Eastern Platinum Right Now?

Before you consider Eastern Platinum, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eastern Platinum wasn't on the list.

While Eastern Platinum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2026 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines