Eastmain Resources Inc. (ER.TO) (TSE:ER) Shares Up 12% – Time to Buy?

Posted by Teresa Graham on Dec 17th, 2024

Eastmain Resources Inc. (ER.TO) (TSE:ER – Get Free Report) was up 12% on Monday . The company traded as high as C$0.28 and last traded at C$0.28. 2,105,459 shares changed hands during mid-day trading, an increase of 333% from the average session volume of 486,551 shares. The stock had previously closed at C$0.25.

Eastmain Resources Inc. (ER.TO) Price Performance

The company has a market cap of C$81.37 million and a price-to-earnings ratio of -4.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.90 and a quick ratio of 1.84. The company’s 50-day simple moving average is C$0.28.

About Eastmain Resources Inc. (ER.TO)

(Get Free Report)

Eastmain Resources Inc, together with its subsidiary, Eastmain Mines Inc, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold, silver, nickel, platinum, and copper deposits. Its flagship project is the Clearwater project, which hosts the Eau Claire gold deposit covering an area of 201 square kilometers located in the central portion of the Eastmain River Greenstone Belt within the James Bay Mining District of QuÃ©bec.