Sylvania Platinum (LON:SLP) Stock Price Passes Below 200-Day Moving Average of $77.87

Shares of Sylvania Platinum Limited (LON:SLP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 77.87 ($0.95) and traded as low as GBX 71.10 ($0.87). Sylvania Platinum shares last traded at GBX 71.90 ($0.87), with a volume of 163,841 shares changing hands.

Sylvania Platinum Stock Performance

The firm has a market capitalization of £189.14 million, a price-to-earnings ratio of 513.57, a PEG ratio of 0.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 12.15 and a quick ratio of 15.92. The firm has a 50 day moving average price of GBX 76.33 and a 200-day moving average price of GBX 77.87.

Sylvania Platinum Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, October 26th will be paid a GBX 5 ($0.06) dividend. This is a positive change from Sylvania Platinum’s previous dividend of $3.00. This represents a yield of 7.14%. The ex-dividend date is Thursday, October 26th. Sylvania Platinum’s dividend payout ratio is currently 11,428.57%.

Insider Activity

In other news, insider Adrian J. Reynolds acquired 20,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of GBX 80 ($0.97) per share, with a total value of £16,000 ($19,469.46). Company insiders own 11.80% of the company’s stock.

Sylvania Platinum Company Profile

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.