Sylvania Platinum (LON:SLP) Shares Down 7.7% – Should You Sell?

Sylvania Platinum Limited (LON:SLP)’s stock price was down 7.7% during trading on Wednesday . The stock traded as low as GBX 98 and last traded at GBX 99.65. Approximately 913,396 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 1,010,944 shares. The stock had previously closed at GBX 108.

Analyst Upgrades and Downgrades

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

Sylvania Platinum Trading Down 5.0%

The company’s 50-day moving average is GBX 90.31 and its 200-day moving average is GBX 81.98. The firm has a market cap of £266.77 million, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94.

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.