Sylvania Platinum (LON:SLP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Sylvania Platinum Limited (LON:SLP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 97.26 and traded as low as GBX 85.50. Sylvania Platinum shares last traded at GBX 86.20, with a volume of 5,418,541 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Sylvania Platinum from GBX 127 to GBX 130 and gave the stock a “buy” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 130.

Sylvania Platinum Trading Up 1.2%

The stock’s 50-day moving average price is GBX 111.66 and its 200 day moving average price is GBX 97.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.30 and a quick ratio of 15.92. The firm has a market capitalization of £224.24 million, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.05 and a beta of 0.39.

Insider Activity at Sylvania Platinum

In other Sylvania Platinum news, insider Johannes Jacobus Prinsloo sold 205,750 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of GBX 126, for a total value of £259,245. Insiders own 4.80% of the company’s stock.

Sylvania Platinum Company Profile

Sylvania Platinum is a rapidly expanding low-cost PGMs producer listed on the London Stock Exchange’s Alternative Investment Market (AIM: SLP).

Sylvania is a mid-tier, lower unit cost Platinum Group Metal (PGM)minerals reprocessing and development Company. Our operational arm, Sylvania Dump Operations (SDO), has six chrome beneficiation and PGM processing plants in the Eastern and Western limb of the Bushveld Igneous Complex (BIC).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.