Revenues Working Against Eastern Platinum Limited’s (TSE:ELR) Share Price Following 29% Dive
Explore Eastern Platinum’s Fair Values from the Community and select yours
Eastern Platinum Limited (TSE:ELR) shares have retraced a considerable 29% in the last month, reversing a fair amount of their solid recent performance. Longer-term, the stock has been solid despite a difficult 30 days, gaining 24% in the last year.
After such a large drop in price, Eastern Platinum may look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.5x, considering almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 3.8x and even P/S higher than 27x aren’t out of the ordinary. Although, it’s not wise to just take the…
