Sylvania Platinum (LON:SLP) Shares Pass Below 200 Day Moving Average – Should You Sell?

Sylvania Platinum Limited (LON:SLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 96.76 and traded as low as GBX 83. Sylvania Platinum shares last traded at GBX 84, with a volume of 485,174 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Berenberg Bank decreased their price target on shares of Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada cut shares of Sylvania Platinum to an “outperform” rating and cut their price objective for the stock from GBX 170 to GBX 165 in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sylvania Platinum currently has an average rating of “Buy” and an average target price of GBX 163.50.

Sylvania Platinum Price Performance

The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of GBX 85.52 and a two-hundred day moving average price of GBX 96.50. The company has a market capitalization of £224.92 million, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.05 and a beta of 1.67.

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.