Articles Tagged "Eastern Platinum"

Why is Eastern Platinum’s Share Price On the Rise?

Investors keeping an eye on companies in the platinum space will no doubt have noticed that Eastern Platinum's share price is on the rise. Shares of the company were up 12 percent to $1.96 on Tuesday, and have risen nearly 40 percent so far this year. However, there hasn't been much news from Eastern Platinum aside from updates on a proposed deal to sell its South African assets to China's Hebei Zhongbo Platinum.

Analysts Have Reservations Regarding Eastplats Sale

Though Eastern Platinum's (TSX:ELR) sale of its assets to Hebei Zhongbo Platinum last week was viewed as possible by many, some were hesitant regarding the deal, according to the Globe and Mail. According to the publication, the company suspended its Crocodile River platinum project last year, and South Africa's Business day put the headline "Strapped Eastplats throws in the towel," on the story.