Eastern Platinum (TSE:ELR) Shares Up 16.7%

Eastern Platinum Limited (TSE:ELR)’s stock price shot up 16.7% on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. 271,624 shares were traded during mid-day trading, an increase of 201% from the average session volume of 90,096 shares. The stock had previously closed at C$0.18.

Eastern Platinum Stock Up 8.3 %

The company has a market cap of C$39.46 million, a price-to-earnings ratio of 4.00 and a beta of 1.56. The stock’s 50-day moving average is C$0.16 and its 200-day moving average is C$0.18. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.03 EPS for the quarter. Eastern Platinum had a return on equity of 10.68% and a net margin of 10.38%. The firm had revenue of C$25.70 million during the quarter. On average, analysts anticipate that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

Eastern Platinum Company Profile

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. The company principally holds 100% interest in the Crocodile River Mine located on the western limb and the Kennedy's Vale project on the eastern limb of Bushveld Complex (BCX); and the Mareesburg project situated on the eastern limb of the BCX.