Sylvania Platinum (LON:SLP) Sets New 1-Year High – Here’s What Happened

Sylvania Platinum Limited (LON:SLP) hit a new 52-week high on Tuesday . The company traded as high as GBX 113 and last traded at GBX 112, with a volume of 2816250 shares. The stock had previously closed at GBX 109.50.

Analyst Upgrades and Downgrades

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

Sylvania Platinum Stock Performance

The stock has a 50 day moving average of GBX 91.26 and a 200 day moving average of GBX 82.64. The company has a quick ratio of 15.92, a current ratio of 9.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of £291.35 million, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.05 and a beta of 0.38.

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).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.