Rowland Wallenius - Eastern Platinum Chief Financial Officer, Corporate Secretary

ELR Stock  CAD 0.18  0.01  5.88%   

CFO

Mr. Rowland Wallenius is Chief Financial Officer, Corporationrationrate Secretary of the Company since 2016.
Tenure 8 years
Professional MarksCPA
Address 1188 West Georgia Street, Vancouver, BC, Canada, V6E 4A2
Phone604 568 8200
Webhttps://www.eastplats.com
Wallenius is a certified professional accountant whose career and experience span over 20 years in various roles initially in private accounting and audit practice, and following that in senior management positions with or consulting to several public mining and industrial companies. From 2007 to 2014, Mr. Wallenius acted as chief financial officer of the El Boleo copper project in Mexico constructed by Baja Mining Corporation and a group led by Korean Resources Corporation Prior to that, he acted in a variety of accounting and finance roles with Augusta Resources Corporationrationration, Sargold Resources Corporation and other public issuers. Over his career, Mr. Wallenius has had extensive experience in public company accounting and reporting, as well as project finance, treasury management, project development and construction, risk management, investor relations, and corporate development.

Eastern Platinum Management Efficiency

As of the 23rd of November 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.21. At this time, Eastern Platinum's Asset Turnover is very stable compared to the past year. Eastern Platinum's management efficiency ratios could be used to measure how well Eastern Platinum manages its routine affairs as well as how well it operates its assets and liabilities.
Eastern Platinum Limited has accumulated 1.48 M in total debt with debt to equity ratio (D/E) of 0.73, which is about average as compared to similar companies. Eastern Platinum has a current ratio of 1.55, which is within standard range for the sector. Debt can assist Eastern Platinum until it has trouble settling it off, either with new capital or with free cash flow. So, Eastern Platinum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eastern Platinum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastern to invest in growth at high rates of return. When we think about Eastern Platinum's use of debt, we should always consider it together with cash and equity.

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Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal and chrome properties in South Africa. Eastern Platinum Limited was founded in 1989 and is headquartered in Vancouver, Canada. EASTERN PLATINUM operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. Eastern Platinum Limited (ELR) is traded on Toronto Exchange in Canada and employs 10 people. Eastern Platinum is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Eastern Platinum Leadership Team

Elected by the shareholders, the Eastern Platinum's board of directors comprises two types of representatives: Eastern Platinum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastern. The board's role is to monitor Eastern Platinum's management team and ensure that shareholders' interests are well served. Eastern Platinum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eastern Platinum's outside directors are responsible for providing unbiased perspectives on the board's policies.
Diana Hu, President, Chief Executive Officer, Director
Rowland Wallenius, Chief Financial Officer, Corporate Secretary
Xin Guan, Independent Director
Bielin Shi, Non-Independent Director
Hanenelie Hanson, General Manager - South Africa
George Dorin, Independent Chairman of the Board
Wanjin Yang, Chief Officer
Michael Cosic, Independent Director
Andrea Zhang, Chief Operating Officer
Hannelie Hanson, General Manager - South African Operations

Eastern Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Eastern Platinum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Eastern Platinum

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastern Platinum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastern Platinum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastern Stock

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  0.64FDY Faraday Copper CorpPairCorr
The ability to find closely correlated positions to Eastern Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Platinum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastern Platinum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastern Platinum Limited to buy it.
The correlation of Eastern Platinum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastern Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Platinum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastern Platinum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Eastern Stock

Eastern Platinum financial ratios help investors to determine whether Eastern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eastern with respect to the benefits of owning Eastern Platinum security.