Sylvania Platinum (LON:SLP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sylvania Platinum Limited (LON:SLP – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 100.86 and traded as low as GBX 85. Sylvania Platinum shares last traded at GBX 86, with a volume of 466,246 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 174 target price on shares of Sylvania Platinum in a research report on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 175 price objective on shares of Sylvania Platinum in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sylvania Platinum presently has a consensus rating of “Buy” and a consensus price target of GBX 174.50.

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Sylvania Platinum Stock Down 2.8%

The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of GBX 90.54 and a 200-day simple moving average of GBX 100.86. The company has a market capitalization of £216.25 million, a P/E ratio of 6.00, a P/E/G ratio of 0.05 and a beta of 1.76.

Sylvania Platinum Company Profile

(Get Free Report)

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.

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