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

Sylvania Platinum Limited (LON:SLP) insider Eileen Carr bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of GBX 81 per share, with a total value of £20,250.

Sylvania Platinum Price Performance

Shares of LON:SLP opened at GBX 88 on Friday. Sylvania Platinum Limited has a twelve month low of GBX 41.25 and a twelve month high of GBX 130. The company’s 50 day moving average is GBX 109.59 and its 200 day moving average is GBX 97.50. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36. The company has a market cap of £228.92 million, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.05 and a beta of 0.39.

Sylvania Platinum announced that its Board of Directors has approved a stock repurchase plan on Monday, March 23rd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.