Sylvania Platinum (LON:SLP) Sets New 12-Month Low – Time to Sell?

Sylvania Platinum Limited (LON:SLP)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 68 and last traded at GBX 85.50, with a volume of 637,543 shares changing hands. The stock had previously closed at GBX 84.

Wall Street Analyst Weigh In

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

Sylvania Platinum Stock Up 1.8%

The company has a debt-to-equity ratio of 0.22, a current ratio of 5.32 and a quick ratio of 15.92. The stock has a market capitalization of £220.42 million, a P/E ratio of 3.33, a P/E/G ratio of 0.05 and a beta of 1.66. The firm has a 50-day simple moving average of GBX 91.82 and a 200 day simple moving average of GBX 96.06.

Insider Activity

In other news, insider Johannes Jacobus Prinsloo sold 91,800 shares of the company’s stock in a transaction that occurred on 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 owned by corporate 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.