Sylvania Platinum (LON:SLP) Stock Passes Below 200 Day Moving Average of $66.21

Sylvania Platinum Limited (LON:SLP)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 66.21 ($0.82) and traded as low as GBX 64 ($0.79). Sylvania Platinum shares last traded at GBX 65 ($0.80), with a volume of 515,119 shares changing hands.

Sylvania Platinum Price Performance

The stock has a market capitalization of £171.07 million, a P/E ratio of 1,300.00, a price-to-earnings-growth ratio of 0.05 and a beta of 0.35. The business’s 50 day simple moving average is GBX 58.41 and its two-hundred day simple moving average is GBX 66.21. The company has a quick ratio of 15.92, a current ratio of 10.92 and a debt-to-equity ratio of 0.32.

Sylvania Platinum Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, February 29th were paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.89%. The ex-dividend date was Thursday, February 29th. Sylvania Platinum’s dividend payout ratio (DPR) is 12,000.00%.

Insider Activity at Sylvania Platinum

In other news, insider Eileen Carr purchased 60,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of GBX 50 ($0.62) per share, with a total value of £30,000 ($37,055.34). 12.16% of the stock is owned by 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.