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

Sylvania Platinum Limited (LON:SLP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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

A number of equities research analysts have weighed in on SLP shares. Berenberg Bank restated a “buy” rating and set a GBX 174 price target on shares of Sylvania Platinum in a research report on Monday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 175 price objective on shares of Sylvania Platinum in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Sylvania Platinum has an average rating of “Buy” and an average price target of GBX 174.50.

Sylvania Platinum Trading Down 2.3%

The stock has a market capitalization of £217.41 million, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.05 and a beta of 1.77. The stock’s fifty day moving average price is GBX 90.12 and its two-hundred day moving average price is GBX 100.74. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36.

Sylvania Platinum Company Profile

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.