Sylvania Platinum (LON:SLP) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Sylvania Platinum Limited (LON:SLP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.11 ($0.72) and traded as low as GBX 49 ($0.62). Sylvania Platinum shares last traded at GBX 49.25 ($0.62), with a volume of 778,318 shares changing hands.

Sylvania Platinum Trading Down 1.5 %

The business has a 50-day simple moving average of GBX 48.37 and a 200-day simple moving average of GBX 57.02. The company has a market cap of £128.94 million, a PE ratio of 2,462.50, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The company has a quick ratio of 15.92, a current ratio of 9.94 and a debt-to-equity ratio of 0.41.

Sylvania Platinum Announces Dividend

The company 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 payout ratio is 10,000.00%.

Insider Buying and Selling at Sylvania Platinum

In other news, insider Lewanne Carminati sold 19,350 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 50 ($0.63), for a total transaction of £9,675 ($12,192.82). Also, insider Adrian J. Reynolds bought 25,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of GBX 47 ($0.59) per share, with a total value of £11,750 ($14,807.81). Insiders bought a total of 105,000 shares of company stock valued at $4,795,000 in the last three months. 12.23% of the stock is 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.