Sylvania Platinum (LON:SLP) Shares Pass Below 200-Day Moving Average of $66.21

Shares of Sylvania Platinum Limited (LON:SLP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 66.21 ($0.82) and traded as low as GBX 64 ($0.79). Sylvania Platinum shares last traded at GBX 65 ($0.80), with a volume of 515,119 shares.

Sylvania Platinum Price Performance

The business’s 50 day moving average price is GBX 58.59 and its 200 day moving average price is GBX 66.10. The stock has a market capitalization of £171.35 million, a P/E ratio of 1,328.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 10.92 and a quick ratio of 15.92.

Sylvania Platinum Cuts Dividend

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

Insider Buying and Selling

In other Sylvania Platinum news, insider Eileen Carr acquired 60,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of GBX 50 ($0.62) per share, with a total value of £30,000 ($37,055.34). 12.16% of the stock is currently owned by insiders.

About Sylvania Platinum

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.