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

Sylvania Platinum Limited (LON:SLP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 47.82 ($0.60) and traded as high as GBX 48 ($0.60). Sylvania Platinum shares last traded at GBX 46 ($0.57), with a volume of 557,378 shares traded.

Sylvania Platinum Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 9.94 and a quick ratio of 15.92. The company has a 50 day simple moving average of GBX 43.33 and a 200-day simple moving average of GBX 47.82. The stock has a market capitalization of £123.00 million, a P/E ratio of 2,349.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.

About Sylvania Platinum

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).