Sylvania Platinum (LON:SLP) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Sylvania Platinum Limited (LON:SLP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.78 and traded as high as GBX 83. Sylvania Platinum shares last traded at GBX 81.33, with a volume of 551,112 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on Sylvania Platinum from GBX 106 to GBX 109 and gave the stock a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 109.

Sylvania Platinum Stock Up 0.7%

The company has a market capitalization of £211.57 million, a PE ratio of 10.52, a P/E/G ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94. The company’s 50-day moving average is GBX 85.08 and its 200 day moving average is GBX 71.93.

About Sylvania Platinum

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).