Sylvania Platinum (LON:SLP) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Sylvania Platinum Limited (LON:SLP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.78 and traded as high as GBX 83. Sylvania Platinum shares last traded at GBX 81.33, with a volume of 551,112 shares.

Analyst Ratings Changes

Separately, Berenberg Bank upped their price target on shares of Sylvania Platinum from GBX 106 to GBX 109 and gave the company a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 109.

Sylvania Platinum Stock Up 0.7%

The company’s fifty day simple moving average is GBX 85.08 and its 200 day simple moving average is GBX 71.78. The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of £211.57 million, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.

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).