Eastern Platinum (TSE:ELR) Sets New 12-Month Low – Should You Sell?

Eastern Platinum Limited (TSE:ELR) shares reached a new 52-week low during trading on Thursday. The stock traded as low as C$0.19 and last traded at C$0.20, with a volume of 261,994 shares. The stock had previously closed at C$0.21.

Eastern Platinum Stock Down 9.5%

The firm has a 50 day moving average price of C$0.29 and a 200-day moving average price of C$0.40. The company has a current ratio of 0.41, a quick ratio of 0.48 and a debt-to-equity ratio of 113.44. The firm has a market cap of C$39.14 million, a PE ratio of -1.90 and a beta of 3.59.

Eastern Platinum (TSE:ELR) last issued its earnings results on Thursday, August 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$11.32 million for the quarter. Eastern Platinum had a negative return on equity of 31.80% and a negative net margin of 34.25%. Research analysts forecast that Eastern Platinum Limited will post -0.11 EPS for the current fiscal year.

Eastern Platinum Company Profile

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.