Eastern Platinum (TSE:ELR) Stock Price Up 14.1% – Time to Buy?

Eastern Platinum Limited (TSE:ELR)’s stock price rose 14.1% on Tuesday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 453,936 shares changed hands during trading, an increase of 28% from the average daily volume of 354,887 shares. The stock had previously closed at C$0.43.

Eastern Platinum Stock Performance

The company has a current ratio of 0.46, a quick ratio of 0.48 and a debt-to-equity ratio of 112.08. The firm has a market capitalization of C$101.97 million, a price-to-earnings ratio of -6.19 and a beta of 2.86. The stock’s 50 day moving average price is C$0.45 and its two-hundred day moving average price is C$0.46.

Eastern Platinum (TSE:ELR) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. Eastern Platinum had a negative return on equity of 23.99% and a negative net margin of 25.67%.The company had revenue of C$19.17 million for the quarter. On average, analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current year.

About Eastern Platinum

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.