Shares of Eastern Platinum Limited (TSE:ELR – Get Free Report) shot up 22.2% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. 62,444 shares were traded during trading, an increase of 27% from the average session volume of 49,193 shares. The stock had previously closed at C$0.09.
Eastern Platinum Stock Performance
The company has a debt-to-equity ratio of 68.15, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a market capitalization of C$22.21 million, a P/E ratio of 9.00 and a beta of 1.43. The business has a 50-day moving average price of C$0.09 and a 200 day moving average price of C$0.09.
About Eastern Platinum
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 100% 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); and the Mareesburg project situated on the eastern limb of the BCX.
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