Sylvania Platinum (LON:SLP) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Shares of Sylvania Platinum Limited (LON:SLP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 58.39 ($0.76) and traded as low as GBX 46.50 ($0.60). Sylvania Platinum shares last traded at GBX 46.50 ($0.60), with a volume of 580,424 shares.

Sylvania Platinum Trading Up 2.2 %

The stock's 50-day simple moving average is GBX 49.06 and its two-hundred day simple moving average is GBX 58.31. 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 firm has a market capitalization of £121.74 million, a P/E ratio of 2,325.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38.

Sylvania Platinum Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, October 31st will be given 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 10,000.00%.

Insider Transactions at Sylvania Platinum

In other Sylvania Platinum news, insider Lewanne Carminati sold 19,350 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of GBX 50 ($0.65), for a total transaction of £9,675 ($12,547.01). In related news, insider Simon Scott purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of GBX 47 ($0.61) per share, with a total value of £4,700 ($6,095.19). Also, 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 value of £9,675 ($12,547.01). Over the last ninety days, insiders have purchased 105,000 shares of company stock worth $4,795,000. Insiders own 12.23% of the company's stock.

Sylvania Platinum Company Profile

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.