Sylvania Platinum (LON:SLP) Reaches New 12-Month High - Time to Buy?

Sylvania Platinum Limited (LON:SLP - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 80 ($1.07) and last traded at GBX 76 ($1.02), with a volume of 1373418 shares. The stock had previously closed at GBX 79 ($1.06).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on Sylvania Platinum from GBX 97 ($1.30) to GBX 93 ($1.24) and set a "buy" rating for the company in a report on Wednesday, July 2nd.

Sylvania Platinum Stock Performance

The firm has a market cap of £241.40 million, a PE ratio of 35.05, a P/E/G ratio of 0.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 9.94 and a quick ratio of 15.92. The stock has a 50-day moving average price of GBX 66.59 and a 200 day moving average price of GBX 54.47.

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).