Eastern Platinum (TSE:ELR) Reaches New 52-Week Low at $0.23

Eastern Platinum Limited (TSE:ELRGet Rating)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 32800 shares trading hands. The stock had previously closed at C$0.26.

The business has a 50 day simple moving average of C$0.30 and a 200 day simple moving average of C$0.29. The company has a quick ratio of 1.67, a current ratio of 1.89 and a debt-to-equity ratio of 66.68. The company has a market capitalization of C$32.39 million and a PE ratio of -18.08.

Eastern Platinum Company Profile (TSE:ELR)

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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