Sylvania Platinum (LON:SLP) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Sylvania Platinum Limited (LON:SLP – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 92.51 and traded as low as GBX 90. Sylvania Platinum shares last traded at GBX 90, with a volume of 538,907 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SLP. Berenberg Bank reaffirmed a “buy” rating and set a GBX 162 price objective on shares of Sylvania Platinum in a research report on Tuesday, September 15th. Royal Bank Of Canada lowered Sylvania Platinum to an “outperform” rating and cut their target price for the company from GBX 170 to GBX 165 in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Sylvania Platinum currently has a consensus rating of “Buy” and a consensus target price of GBX 163.50.

Get Our Latest Report on Sylvania Platinum

Sylvania Platinum Stock Down 0.8%

The company has a current ratio of 5.32, a quick ratio of 15.92 and a debt-to-equity ratio of 0.22. The company has a market cap of £232.48 million, a price-to-earnings ratio of 3.51, a PEG ratio of 0.05 and a beta of 1.66. The firm’s fifty day simple moving average is GBX 92.31 and its 200 day simple moving average is GBX 92.51.

Insider Transactions at Sylvania Platinum

In other Sylvania Platinum news, insider Johannes Jacobus Prinsloo sold 91,800 shares of Sylvania Platinum stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 90, for a total transaction of £82,620. 4.68% of the stock is owned by company insiders.

About Sylvania Platinum

(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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