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

Sylvania Platinum Limited (LON:SLP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 98.20 and traded as low as GBX 84. Sylvania Platinum shares last traded at GBX 85, with a volume of 789,345 shares.

Analysts Set New Price Targets

SLP has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut shares of Sylvania Platinum to an “outperform” rating and cut their price objective for the company from GBX 170 to GBX 165 in a report on Monday, August 3rd. Berenberg Bank lowered their target price on shares of Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating on the stock in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 163.50.

Sylvania Platinum Price Performance

The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of £222.59 million, a PE ratio of 6.17, a PEG ratio of 0.05 and a beta of 1.76. The stock has a 50-day moving average price of GBX 86 and a 200 day moving average price of GBX 98.

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).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.