Sylvania Platinum (LON:SLP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Sylvania Platinum Limited (LON:SLP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.05 ($0.77) and traded as low as GBX 48.20 ($0.63). Sylvania Platinum shares last traded at GBX 49.05 ($0.64), with a volume of 415,385 shares traded.

Sylvania Platinum Stock Down 0.1 %

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 company’s 50-day moving average price is GBX 50.21 and its 200 day moving average price is GBX 59.05. The stock has a market capitalization of £128.29 million, a P/E ratio of 2,452.50, a P/E/G ratio of 0.05 and a beta of 0.38.

Sylvania Platinum Dividend Announcement

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

Insider Transactions at Sylvania Platinum

In related news, insider Lewanne Carminati sold 19,350 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 50 ($0.65), for a total transaction of £9,675 ($12,561.67). In related news, insider Lewanne Carminati sold 19,350 shares of the 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 ($12,561.67). Also, insider Eileen Carr acquired 70,000 shares of Sylvania Platinum stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of GBX 45 ($0.58) per share, for a total transaction of £31,500 ($40,898.47). Over the last quarter, insiders have purchased 105,000 shares of company stock valued at $4,795,000. 12.23% of the stock is currently owned by corporate insiders.

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.