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

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

Sylvania Platinum Stock Performance

LON:SLP opened at GBX 91.27 on Thursday. The stock has a 50-day moving average price of GBX 110.13 and a 200 day moving average price of GBX 97.57. The stock has a market capitalization of £237.42 million, a P/E ratio of 6.55, a P/E/G ratio of 0.05 and a beta of 0.39. Sylvania Platinum Limited has a 12-month low of GBX 41.25 and a 12-month high of GBX 130. 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 approved a share repurchase plan on Monday, March 23rd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on Sylvania Platinum from GBX 127 to GBX 130 and gave the company a “buy” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Sylvania Platinum presently 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.