Sylvania Platinum Limited (LON:SLP – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 92.28 and traded as low as GBX 90. Sylvania Platinum shares last traded at GBX 91, with a volume of 962,296 shares.
Analyst Ratings Changes
SLP has been the topic of a number of analyst reports. Royal Bank Of Canada lowered Sylvania Platinum to an “outperform” rating and decreased their price objective for the company from GBX 170 to GBX 165 in a research note on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 162 price target on shares of Sylvania Platinum in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sylvania Platinum has a consensus rating of “Buy” and an average target price of GBX 163.50.
Get Our Latest Research Report on Sylvania Platinum
Sylvania Platinum Stock Up 2.2%
Insider Activity at Sylvania Platinum
In other Sylvania Platinum news, insider Johannes Jacobus Prinsloo sold 91,800 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 90, for a total value of £82,620. Insiders own 4.68% of the company’s stock.
About Sylvania Platinum
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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