Sylvania Platinum (LON:SLP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

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 58.39 ($0.76) and traded as low as GBX 46.50 ($0.60). Sylvania Platinum shares last traded at GBX 46.50 ($0.60), with a volume of 580,424 shares changing hands.

Sylvania Platinum Price Performance

The firm has a market cap of £123.05 million, a P/E ratio of 2,350.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The business has a 50-day simple moving average of GBX 48.89 and a 200 day simple moving average of GBX 58.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 15.92 and a current ratio of 9.94.

Sylvania Platinum Dividend Announcement

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

Insiders Place Their Bets

In other Sylvania Platinum news, insider Simon Scott bought 10,000 shares of Sylvania Platinum stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of GBX 47 ($0.61) per share, with a total value of £4,700 ($6,095.19). In other Sylvania Platinum news, insider Eileen Carr purchased 70,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of GBX 45 ($0.58) per share, for a total transaction of £31,500 ($40,850.73). Also, insider Simon Scott purchased 10,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of GBX 47 ($0.61) per share, for a total transaction of £4,700 ($6,095.19). Insiders purchased 105,000 shares of company stock worth $4,795,000 over the last three months. Company 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.