Eastern Platinum (TSE:ELR) Sets New 52-Week Low at $0.16

Eastern Platinum Limited (TSE:ELRGet Rating)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16, with a volume of 111701 shares. The stock had previously closed at C$0.16.

Eastern Platinum Stock Down 3.1 %

The firm has a market capitalization of C$21.36 million and a PE ratio of 7.75. The business’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.21. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 2.96.

About Eastern Platinum

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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 87.5% 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); 87% interest in the Mareesburg project situated on the eastern limb of the BCX; and 93.4% interest in the Spitzkop project located on the eastern limb of the BCX.

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