Sylvania Platinum (LON:SLP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Sylvania Platinum Limited (LON:SLP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.41 and traded as low as GBX 88. Sylvania Platinum shares last traded at GBX 90, with a volume of 2,010,456 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on SLP. Berenberg Bank cut their price target on Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating on the stock in a research report on Friday, July 31st. Royal Bank Of Canada lowered shares of Sylvania Platinum to an “outperform” rating and dropped their price objective for the company from GBX 170 to GBX 165 in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sylvania Platinum currently has a consensus rating of “Buy” and a consensus price target of GBX 163.50.

Sylvania Platinum Trading Up 1.1%

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 has a market capitalization of £232.94 million, a PE ratio of 6.46, a P/E/G ratio of 0.05 and a beta of 1.66. The business has a 50 day moving average price of GBX 86.84 and a 200-day moving average price of GBX 94.41.

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.