Eastern Platinum (TSE:ELR) Stock Passes Below 200-Day Moving Average – Should You Sell?

Eastern Platinum Limited (TSE:ELRGet Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.17 and traded as low as C$0.14. Eastern Platinum shares last traded at C$0.14, with a volume of 1,100 shares traded.

Eastern Platinum Price Performance

The firm’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.17. The firm has a market cap of C$28.33 million, a P/E ratio of 2.80 and a beta of 1.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.48.

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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