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

Sylvania Platinum Limited (LON:SLP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 96.51 and traded as high as GBX 110. Sylvania Platinum shares last traded at GBX 107.05, with a volume of 1,414,741 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on shares of Sylvania Platinum from GBX 127 to GBX 130 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Sylvania Platinum has a consensus rating of “Buy” and an average price target of GBX 130.

Sylvania Platinum Trading Down 1.8%

The business has a 50 day moving average of GBX 113.56 and a two-hundred day moving average of GBX 96.51. The firm has a market capitalization of £278.48 million, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.05 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30.

Insider Buying and Selling

In other Sylvania Platinum news, insider Johannes Jacobus Prinsloo sold 205,750 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of GBX 126, for a total transaction of £259,245. Company insiders own 4.80% of the company’s stock.

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.