Sylvania Platinum (LON:SLP) Stock Price Crosses 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 traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on shares of Sylvania Platinum from GBX 127 to GBX 130 and gave the company a “buy” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Sylvania Platinum presently has an average rating of “Buy” and a consensus price target of GBX 130.

Sylvania Platinum Stock Up 1.2%

The stock has a market capitalization of £224.24 million, a P/E ratio of 6.19, a P/E/G ratio of 0.05 and a beta of 0.39. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is GBX 111.66 and its 200-day moving average is GBX 97.39.

Insider Activity

In other news, insider Johannes Jacobus Prinsloo sold 349,250 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of GBX 126, for a total value of £440,055. Company 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.