Sylvania Platinum (LON:SLP) Stock Passes Below Two Hundred Day Moving Average of $68.17

Sylvania Platinum Limited (LON:SLP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 68.17 ($0.86) and traded as low as GBX 58 ($0.73). Sylvania Platinum shares last traded at GBX 59 ($0.75), with a volume of 689,822 shares changing hands.

Sylvania Platinum Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 15.92 and a current ratio of 10.92. The company’s 50 day moving average price is GBX 56.68 and its 200 day moving average price is GBX 68.10. The company has a market cap of £152.15 million, a price-to-earnings ratio of 1,160.00, a P/E/G ratio of 0.05 and a beta of 0.33.

Sylvania Platinum Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 5th. Investors of record on Thursday, February 29th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a dividend yield of 1.89%. Sylvania Platinum’s dividend payout ratio is 12,000.00%.

Insider Activity at Sylvania Platinum

In other Sylvania Platinum news, insider Eileen Carr purchased 60,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of GBX 50 ($0.63) per share, with a total value of £30,000 ($37,912.30). 12.13% of the stock is currently owned by company insiders.

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.