Sylvania Platinum (LON:SLP) Reaches New 1-Year High – What’s Next?

Shares of Sylvania Platinum Limited (LON:SLP) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 107 and last traded at GBX 106.50, with a volume of 2556340 shares trading hands. The stock had previously closed at GBX 104.50.

Wall Street Analyst Weigh In

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

Sylvania Platinum Stock Performance

The business’s 50 day simple moving average is GBX 87.42 and its two-hundred day simple moving average is GBX 80.16. 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 firm has a market capitalization of £277.04 million, a PE ratio of 13.78, a price-to-earnings-growth 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.