Sylvania Platinum (LON:SLP) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Sylvania Platinum's stock crossed above its 200-day moving average, reaching a high of GBX 79 ($1.06) and last trading at GBX 77.40 ($1.04).
• Analysts from Berenberg Bank have reaffirmed a "buy" rating for Sylvania Platinum, setting a price target of GBX 93 ($1.25).
• The company has a market capitalization of £246.43 million and a P/E ratio of 35.78, indicating potential for investment growth.

Sylvania Platinum Limited (LON:SLP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 56.19 ($0.75) and traded as high as GBX 79 ($1.06). Sylvania Platinum shares last traded at GBX 77.40 ($1.04), with a volume of 1,254,656 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 93 ($1.25) price target on shares of Sylvania Platinum in a research report on Tuesday, July 29th.

Sylvania Platinum Stock Performance

The firm has a market capitalization of £242.04 million, a P/E ratio of 35.15, a price-to-earnings-growth 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 0.35. The company has a 50-day moving average of GBX 70.25 and a 200-day moving average of GBX 56.79.

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).