Sylvania Platinum (LON:SLP) Insider Martin Preece Acquires 65,100 Shares of Stock

Sylvania Platinum Limited (LON:SLP) insider Martin Preece acquired 65,100 shares of the stock in a transaction on Monday, March 23rd. The shares were bought at an average price of GBX 84 per share, with a total value of £54,684.

Sylvania Platinum Trading Up 3.4%

Sylvania Platinum stock opened at GBX 87.85 on Wednesday. Sylvania Platinum Limited has a 12 month low of GBX 41.25 and a 12 month high of GBX 130. The company has a market capitalization of £228.53 million, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.05 and a beta of 0.39. The business’s fifty day simple moving average is GBX 110.63 and its two-hundred day simple moving average is GBX 97.62. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36.

Sylvania Platinum declared that its board has initiated a stock repurchase program on Monday, March 23rd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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