Eastern Platinum (TSE:ELR) Stock Price Down 16.7% – Should You Sell?

Eastern Platinum Limited (TSE:ELRGet Free Report) fell 16.7% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. 108,728 shares changed hands during trading, an increase of 210% from the average session volume of 35,127 shares. The stock had previously closed at C$0.15.

Eastern Platinum Trading Down 16.7 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.75. The firm has a market capitalization of C$25.29 million, a price-to-earnings ratio of 2.50 and a beta of 1.54. The business has a fifty day moving average price of C$0.16 and a 200 day moving average price of C$0.17.

Eastern Platinum Company Profile

(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.

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