Sylvania Platinum (LON:SLP) Hits New 1-Year High - Here's Why

Key Points

• Sylvania Platinum's stock reached a new 52-week high of GBX 82 ($1.12) during trading, closing at GBX 81.20 ($1.10) with a volume of 1,129,775 shares.
• Berenberg Bank has lowered its target price for Sylvania Platinum from GBX 93 to GBX 90, while maintaining a "buy" rating, reflecting a consensus rating of "Buy" across analysts.
• The company's market cap stands at £211.21 million, with a notably high P/E ratio of 1,928.74 and solid liquidity reflected in a current ratio of 9.94.

Shares of Sylvania Platinum Limited (LON:SLP - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 82 ($1.12) and last traded at GBX 81.20 ($1.11), with a volume of 1129775 shares. The stock had previously closed at GBX 78 ($1.06).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating for the company in a research report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 90.

Sylvania Platinum Stock Performance

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 simple moving average of GBX 74.83 and a two-hundred day simple moving average of GBX 62.23. The company has a market capitalization of £205.49 million, a price-to-earnings ratio of 1,876.48, a PEG ratio of 0.05 and a beta of 0.38.

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).