Sylvania Platinum (LON:SLP) Trading Down 14.1%

Sylvania Platinum Limited (LON:SLP)’s stock price fell 14.1% during mid-day trading on Wednesday . The company traded as low as GBX 41.25 ($0.54) and last traded at GBX 42 ($0.55). 2,766,839 shares were traded during trading, an increase of 243% from the average session volume of 807,304 shares. The stock had previously closed at GBX 48.90 ($0.64).

Sylvania Platinum Price Performance

The firm has a 50-day moving average of GBX 57.12 and a 200 day moving average of GBX 61.02. The company has a market capitalization of £108.72 million, a PE ratio of 851.00, a PEG ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 10.92 and a quick ratio of 15.92.

Sylvania Platinum Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, October 31st. Sylvania Platinum’s payout ratio is presently 12,000.00%.

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.