Sylvania Platinum (LON:SLP) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of Sylvania Platinum Limited (LON:SLP – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.63 ($0.75) and traded as low as GBX 50 ($0.65). Sylvania Platinum shares last traded at GBX 54 ($0.70), with a volume of 2,170,241 shares trading hands.

Sylvania Platinum Stock Down 2.6 %

The firm has a market cap of £137.71 million, a price-to-earnings ratio of 2,630.00, a P/E/G ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 9.94 and a quick ratio of 15.92. The stock has a 50-day moving average of GBX 48.57 and a 200-day moving average of GBX 57.54.

Sylvania Platinum Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, October 31st. Sylvania Platinum’s payout ratio is currently 10,000.00%.

Insider Activity at Sylvania Platinum

In other Sylvania Platinum news, insider Lewanne Carminati sold 19,350 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of GBX 50 ($0.65), for a total transaction of £9,675 ($12,594.38). In other Sylvania Platinum news, insider Lewanne Carminati sold 19,350 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 50 ($0.65), for a total transaction of £9,675 ($12,594.38). Also, insider Adrian J. Reynolds bought 25,000 shares of Sylvania Platinum stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of GBX 47 ($0.61) per share, for a total transaction of £11,750 ($15,295.50). Insiders purchased a total of 105,000 shares of company stock valued at $4,795,000 over the last quarter. 12.23% of the stock is owned by corporate insiders.

Sylvania Platinum Company Profile

(Get Free Report)

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.

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