Eileen Carr Acquires 25,000 Shares of Sylvania Platinum (LON:SLP) Stock

Sylvania Platinum Limited (LON:SLP) insider Eileen Carr purchased 25,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of GBX 81 per share, with a total value of £20,250.

Sylvania Platinum Price Performance

Sylvania Platinum stock opened at GBX 91.27 on Thursday. The stock’s 50 day moving average is GBX 110.13 and its 200 day moving average is GBX 97.57. Sylvania Platinum Limited has a one year low of GBX 41.25 and a one year high of GBX 130. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.30 and a quick ratio of 15.92.

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

Analyst Upgrades and Downgrades

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