Sylvania Platinum (LON:SLP) Insider Buys £20,250 in Stock

Sylvania Platinum Limited (LON:SLP) insider Eileen Carr purchased 25,000 shares of Sylvania Platinum stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of GBX 81 per share, with a total value of £20,250.

Sylvania Platinum Stock Up 5.2%

Shares of SLP stock opened at GBX 89.40 on Tuesday. Sylvania Platinum Limited has a 12-month low of GBX 41.25 and a 12-month high of GBX 130. The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of GBX 111.11 and a 200-day moving average of GBX 97.54. The company has a market capitalization of £232.56 million, a price-to-earnings ratio of 6.42, a P/E/G ratio of 0.05 and a beta of 0.39.

Sylvania Platinum declared that its Board of Directors has authorized a share buyback program on Monday, March 23rd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on Sylvania Platinum from GBX 127 to GBX 130 and gave the stock a “buy” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 130.

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.