Sylvania Platinum (LON:SLP) Hits New 1-Year 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 117 and last traded at GBX 117, with a volume of 1047797 shares traded. The stock had previously closed at GBX 113.50.

Wall Street Analyst Weigh In

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

Sylvania Platinum Trading Up 3.1%

The stock has a market capitalization of £304.36 million, a PE ratio of 15.14, a PEG 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 business’s 50-day moving average is GBX 96.33 and its two-hundred day moving average is GBX 85.47.

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.