Sylvania Platinum (LON:SLP) Reaches New 52-Week High – Here’s Why

Sylvania Platinum Limited (LON:SLP)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 117 and last traded at GBX 117, with a volume of 1047797 shares. The stock had previously closed at GBX 113.50.

Analyst Ratings Changes

Separately, Berenberg Bank boosted 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 109.

Sylvania Platinum Stock Performance

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 company’s fifty day moving average price is GBX 97.63 and its 200 day moving average price is GBX 86.14. The company has a market cap of £304.36 million, a PE ratio of 15.14, a P/E/G ratio of 0.05 and a beta of 0.38.

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.