Sylvania Platinum (LON:SLP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemShares of Sylvania Platinum Limited (LON:SLP – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.05 ($0.77) and traded as low as GBX 48.20 ($0.63). Sylvania Platinum shares last traded at GBX 49.05 ($0.64), with a volume of 415,385 shares.
Sylvania Platinum Stock Performance
The company’s 50 day moving average price is GBX 50 and its 200-day moving average price is GBX 58.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 15.92 and a current ratio of 9.94. The company has a market cap of £126.98 million, a PE ratio of 2,375.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.
Sylvania Platinum Dividend Announcement
The business also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.92%. Sylvania Platinum’s payout ratio is currently 10,000.00%.
Insider Transactions at Sylvania Platinum
In other Sylvania Platinum news, insider Adrian J. Reynolds acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of GBX 47 ($0.61) per share, with a total value of £11,750 ($15,255.78). In other Sylvania Platinum news, insider Adrian J. Reynolds acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of GBX 47 ($0.61) per share, with a total value of £11,750 ($15,255.78). Also, insider Eileen Carr acquired 70,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of GBX 45 ($0.58) per share, with a total value of £31,500 ($40,898.47). Insiders purchased a total of 105,000 shares of company stock worth $4,795,000 in the last quarter. Insiders own 12.23% of the company’s stock.
About Sylvania Platinum
Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, including platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants located in the Eastern and Western Limb of the Bushveld Igneous Complex; and various mineral asset development projects, including Volspruit and Northern Limb projects located on the Northern Limb of the Bushveld Igneous Complex located in South Africa.