Sylvania Platinum (LON:SLP) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Sylvania Platinum Limited (LON:SLP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.11 ($0.72) and traded as low as GBX 49 ($0.62). Sylvania Platinum shares last traded at GBX 49.25 ($0.62), with a volume of 778,318 shares changing hands.

Sylvania Platinum Stock Performance

The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of £128.94 million, a price-to-earnings ratio of 2,462.50, a PEG ratio of 0.05 and a beta of 0.38. The stock has a fifty day moving average price of GBX 48.37 and a 200-day moving average price of GBX 57.02.

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 paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 1.92%. Sylvania Platinum’s dividend payout ratio is currently 10,000.00%.

Insider Activity

In other Sylvania Platinum news, insider Adrian J. Reynolds acquired 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of GBX 47 ($0.59) per share, for a total transaction of £11,750 ($14,807.81). Also, insider Eileen Carr acquired 70,000 shares of Sylvania Platinum stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of GBX 45 ($0.57) per share, for a total transaction of £31,500 ($39,697.54). In the last quarter, insiders have bought 105,000 shares of company stock worth $4,795,000. Corporate 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.