Sylvania Platinum (LON:SLP) Sets New 52-Week Low – Here’s What Happened

Sylvania Platinum Limited (LON:SLP) shares reached a new 52-week low on Monday. The stock traded as low as GBX 68 and last traded at GBX 85.50, with a volume of 637,543 shares traded. The stock had previously closed at GBX 84.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SLP shares. Berenberg Bank cut their target price on Sylvania Platinum from GBX 159 to GBX 148 and set a “buy” rating on the stock in a research report on Friday, October 30th. Royal Bank Of Canada lowered Sylvania Platinum to an “outperform” rating and decreased their price target for the company from GBX 170 to GBX 165 in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 156.50.

Sylvania Platinum Stock Up 1.3%

The stock has a market capitalization of £219.39 million, a price-to-earnings ratio of 3.32, a price-to-earnings-growth ratio of 0.05 and a beta of 1.66. The company has a quick ratio of 15.92, a current ratio of 5.32 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of GBX 91.41 and a two-hundred day moving average of GBX 95.76.

Insiders Place Their Bets

In other news, insider Johannes Jacobus Prinsloo sold 91,800 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 90, for a total value of £82,620. 4.68% of the stock is currently owned by company insiders.

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.