Sylvania Platinum (LON:SLP) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Sylvania Platinum Limited (LON:SLPGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 95.09 and traded as low as GBX 88. Sylvania Platinum shares last traded at GBX 91.40, with a volume of 377,124 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on SLP. Royal Bank Of Canada downgraded Sylvania Platinum to an “outperform” rating and decreased their target price for the stock from GBX 170 to GBX 165 in a research report on Monday, August 3rd. Berenberg Bank decreased their price objective on Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating on the stock in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 163.50.

Read Our Latest Stock Report on Sylvania Platinum

Sylvania Platinum Trading Up 0.1%

The company has a 50 day moving average of GBX 86.26 and a 200 day moving average of GBX 95.07. The firm has a market cap of £236.82 million, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.66. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36.

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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