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

Sylvania Platinum Limited (LON:SLP)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 94 ($1.26) and last traded at GBX 94 ($1.26), with a volume of 2479302 shares traded. The stock had previously closed at GBX 89.80 ($1.20).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on shares of Sylvania Platinum from GBX 93 to GBX 90 and set a “buy” rating on the stock in a report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 90.

Sylvania Platinum Stock Performance

The firm has a 50 day moving average price of GBX 76.99 and a two-hundred day moving average price of GBX 64.25. The company has a market capitalization of £244.50 million, a P/E ratio of 2,232.78, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94.

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).