Sylvania Platinum (LON:SLP) Sets New 12-Month High – Here’s Why

Sylvania Platinum Limited (LON:SLP)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 114 and last traded at GBX 112, with a volume of 975314 shares. The stock had previously closed at GBX 109.50.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on Sylvania Platinum from GBX 106 to GBX 109 and gave the company a “buy” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 109.

Sylvania Platinum Trading Up 2.3%

The company has a debt-to-equity ratio of 0.35, a current ratio of 9.94 and a quick ratio of 15.92. The firm has a market cap of £291.35 million, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The company’s 50 day moving average price is GBX 93.74 and its 200 day moving average price is GBX 84.20.

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.