Sylvania Platinum (LON:SLP) Stock Passes Above 200 Day Moving Average – What’s Next?

Sylvania Platinum Limited (LON:SLP) shares crossed 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 traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 130.

Sylvania Platinum Trading Up 0.5%

The company has a quick ratio of 15.92, a current ratio of 9.94 and a debt-to-equity ratio of 0.35. The firm 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 company has a 50-day moving average price of GBX 105.75 and a 200 day moving average price of GBX 90.09.

Sylvania Platinum Company Profile

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.