Sylvania Platinum (LON:SLP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Sylvania Platinum Limited (LON:SLP) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 100.86 and traded as low as GBX 85. Sylvania Platinum shares last traded at GBX 86, with a volume of 466,246 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 174 price target on shares of Sylvania Platinum in a report on Monday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 175 price target on shares of Sylvania Platinum in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 174.50.

Sylvania Platinum Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 5.30 and a quick ratio of 15.92. The stock’s 50 day simple moving average is GBX 90.54 and its 200-day simple moving average is GBX 100.86. The stock has a market capitalization of £216.25 million, a price-to-earnings ratio of 6.00, a PEG ratio of 0.05 and a beta of 1.76.

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).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.