Sylvania Platinum (LON:SLP) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Sylvania Platinum Limited (LON:SLP)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 57.11 ($0.72) and traded as low as GBX 49 ($0.62). Sylvania Platinum shares last traded at GBX 49.25 ($0.62), with a volume of 778,318 shares changing hands.

Sylvania Platinum Stock Down 1.5 %

The company has a market capitalization of £128.94 million, a price-to-earnings ratio of 2,462.50, a PEG ratio of 0.05 and a beta of 0.38. The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is GBX 48.37 and its 200-day simple moving average is GBX 57.11.

Sylvania Platinum Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 1.92%. Sylvania Platinum’s dividend payout ratio (DPR) is 10,000.00%.

Insider Buying and Selling

In other Sylvania Platinum news, insider Lewanne Carminati sold 19,350 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 50 ($0.63), for a total transaction of £9,675 ($12,192.82). Also, insider Eileen Carr purchased 70,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of GBX 45 ($0.57) per share, with a total value of £31,500 ($39,697.54). Insiders bought 105,000 shares of company stock valued at $4,795,000 over the last ninety days. Corporate insiders own 12.23% of the company’s stock.

Sylvania Platinum Company Profile

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.