Eastmain Resources Inc. (ER.TO) (TSE:ER) Stock Price Up 10%

Shares of Eastmain Resources Inc. (ER.TO) (TSE:ER) shot up 10% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.28. 21,055 shares changed hands during trading, a decline of 96% from the average session volume of 486,551 shares. The stock had previously closed at C$0.25.

Eastmain Resources Inc. (ER.TO) Stock Performance

The company has a quick ratio of 1.84, a current ratio of 1.90 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of C$0.28. The firm has a market capitalization of C$79.92 million and a PE ratio of -4.66.

Eastmain Resources Inc. (ER.TO) Company Profile

Eastmain Resources Inc, together with its subsidiary, Eastmain Mines Inc, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold, silver, nickel, platinum, and copper deposits. Its flagship project is the Clearwater project, which hosts the Eau Claire gold deposit covering an area of 201 square kilometers located in the central portion of the Eastmain River Greenstone Belt within the James Bay Mining District of Québec.