Sylvania Platinum (LON:SLP) Insider Eileen Carr Buys 25,000 Shares

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

Sylvania Platinum Trading Up 3.4%

Shares of SLP stock opened at GBX 87.85 on Wednesday. The business has a 50-day moving average price of GBX 110.63 and a two-hundred day moving average price of GBX 97.62. 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 market cap of £228.53 million, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.05 and a beta of 0.39.

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

Wall Street Analyst Weigh In

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