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

Sylvania Platinum Limited (LON:SLP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.63 ($0.75) and traded as low as GBX 50 ($0.65). Sylvania Platinum shares last traded at GBX 54 ($0.70), with a volume of 2,170,241 shares traded.

Sylvania Platinum Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 15.92 and a current ratio of 9.94. The business’s fifty day simple moving average is GBX 48.56 and its 200 day simple moving average is GBX 57.63. The stock has a market cap of £139.15 million, a price-to-earnings ratio of 2,700.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.

Sylvania Platinum Announces Dividend

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

Insider Transactions at Sylvania Platinum

In other news, insider Lewanne Carminati sold 19,350 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of GBX 50 ($0.65), for a total value of £9,675 ($12,594.38). In other news, insider Lewanne Carminati sold 19,350 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of GBX 50 ($0.65), for a total transaction of £9,675 ($12,594.38). Also, insider Simon Scott acquired 10,000 shares of Sylvania Platinum stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of GBX 47 ($0.61) per share, with a total value of £4,700 ($6,118.20). In the last 90 days, insiders purchased 105,000 shares of company stock valued at $4,795,000. Insiders own 12.23% of the company’s stock.

About Sylvania Platinum

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.