Sylvania Platinum (LON:SLP) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?
by Danessa Lincoln · The Markets DailySylvania Platinum Limited (LON:SLP – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 90.09 and traded as high as GBX 116.75. Sylvania Platinum shares last traded at GBX 114, with a volume of 1,304,929 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank increased their price objective 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 130.
View Our Latest Stock Report on SLP
Sylvania Platinum Stock Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94. The company has a market cap of £273.14 million, a price-to-earnings ratio of 13.58, a PEG ratio of 0.05 and a beta of 0.38. The firm’s 50-day moving average price is GBX 105.75 and its 200 day moving average price is GBX 90.17.
About Sylvania Platinum
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.