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

Key Points

• Sylvania Platinum fell below its 200‑day moving average, trading as low as GBX 85.50 and last at GBX 86.20 versus the 200‑day MA of GBX 97.26, with 5,418,541 shares changing hands.
• Berenberg raised its target on Sylvania to GBX 130 (from GBX 127) and gave a "Buy" rating; MarketBeat shows an average analyst rating of "Buy" with an average target of GBX 130.
• The stock shows a low valuation and strong liquidity (market cap £224.24m, P/E 6.19, PEG 0.05, quick ratio 15.92), but insider Johannes Jacobus Prinsloo sold 349,250 shares at GBX 126 (~£440,055), with insiders holding 4.8% of the company.

Sylvania Platinum Limited (LON:SLP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 97.26 and traded as low as GBX 85.50. Sylvania Platinum shares last traded at GBX 86.20, with a volume of 5,418,541 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on shares of Sylvania Platinum from GBX 127 to GBX 130 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 130.

Sylvania Platinum Trading Up 1.2%

The stock has a market cap of £224.24 million, a P/E ratio of 6.19, a PEG ratio of 0.05 and a beta of 0.39. The business's 50 day simple moving average is GBX 111.66 and its two-hundred day simple moving average is GBX 97.26. The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36.

Insider Activity at Sylvania Platinum

In related news, insider Johannes Jacobus Prinsloo sold 349,250 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of GBX 126, for a total value of £440,055. Insiders own 4.80% of the company's stock.

Sylvania Platinum Company Profile

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.

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