Sylvania Platinum (LON:SLP) Stock Price Passes Below 200 Day Moving Average of $68.17

Sylvania Platinum Limited (LON:SLP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 68.17 ($0.86) and traded as low as GBX 58 ($0.73). Sylvania Platinum shares last traded at GBX 59 ($0.75), with a volume of 689,822 shares trading hands.

Sylvania Platinum Stock Performance

The company has a quick ratio of 15.92, a current ratio of 10.92 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of GBX 56.88 and a 200 day moving average price of GBX 68.17. The stock has a market cap of £154.77 million, a PE ratio of 1,180.00, a P/E/G ratio of 0.05 and a beta of 0.33.

Sylvania Platinum Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, February 29th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a yield of 1.89%. Sylvania Platinum’s dividend payout ratio (DPR) is currently 12,000.00%.

Insider Activity

In other news, insider Eileen Carr bought 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of GBX 50 ($0.63) per share, with a total value of £30,000 ($37,912.30). Insiders own 12.13% of the company’s stock.

About Sylvania Platinum

Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, including platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants located in the Eastern and Western Limb of the Bushveld Igneous Complex; and various mineral asset development projects, including Volspruit and Northern Limb projects located on the Northern Limb of the Bushveld Igneous Complex located in South Africa.