Sylvania Platinum (LON:SLP) Reaches New 52-Week High – Time to Buy?

Sylvania Platinum Limited (LON:SLP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 81 ($1.08) and last traded at GBX 80 ($1.07), with a volume of 2153956 shares trading hands. The stock had previously closed at GBX 72.20 ($0.97).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 93 price objective on shares of Sylvania Platinum in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 93.

Sylvania Platinum Stock Performance

The stock has a market capitalization of £204.39 million, a price-to-earnings ratio of 1,866.51, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The firm has a fifty day moving average of GBX 72.73 and a 200 day moving average of GBX 59.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 9.94 and a quick ratio of 15.92.

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).