Sylvania Platinum (LON:SLP) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Sylvania Platinum Limited (LON:SLP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.63 ($0.75) and traded as low as GBX 50 ($0.65). Sylvania Platinum shares last traded at GBX 54 ($0.70), with a volume of 2,170,241 shares trading hands.

Sylvania Platinum Stock Down 2.6 %

The company's 50 day moving average price is GBX 48.56 and its two-hundred day moving average price is GBX 57.63. The stock has a market cap of £137.71 million, a P/E ratio of 2,657.50, a PEG ratio of 0.05 and a beta of 0.38. The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.41.

Sylvania Platinum Dividend Announcement

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

Insider Transactions at Sylvania Platinum

In related news, insider Adrian J. Reynolds bought 25,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of GBX 47 ($0.61) per share, for a total transaction of £11,750 ($15,295.50). In related news, insider Eileen Carr bought 70,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of GBX 45 ($0.59) per share, for a total transaction of £31,500 ($41,004.95). Also, insider Adrian J. Reynolds bought 25,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of GBX 47 ($0.61) per share, for a total transaction of £11,750 ($15,295.50). Insiders acquired a total of 105,000 shares of company stock valued at $4,795,000 over the last 90 days. Company 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.