Eastern Platinum (TSE:ELR) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Eastern Platinum Limited (TSE:ELRGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.38 and traded as high as C$0.63. Eastern Platinum shares last traded at C$0.59, with a volume of 420,647 shares trading hands.

Eastern Platinum Price Performance

The firm has a 50-day simple moving average of C$0.57 and a 200 day simple moving average of C$0.38. The firm has a market cap of C$103.78 million, a PE ratio of -4.64 and a beta of 2.33. The company has a debt-to-equity ratio of 8.00, a current ratio of 0.45 and a quick ratio of 0.48.

About Eastern Platinum

(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.

Further Reading

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