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An announcement from Sylvania Platinum ( (GB:SLP) ) is now available.
Sylvania Platinum has announced a share buyback, acquiring 150,000 Ordinary Shares at an average price of 40.3 pence per share. These shares will be held in Treasury pending cancellation. This move indicates a strategic decision to manage the company’s share capital and enhance shareholder value by reducing the number of shares with voting rights, which now stands at 261,664,330. This action may positively impact the company’s market position by potentially increasing earnings per share and reflecting confidence in the company’s performance.
More about Sylvania Platinum
Sylvania Platinum is a cost-effective producer of platinum group metals, including platinum, palladium, and rhodium, with its operations based in South Africa. The company operates the Sylvania Dump Operations, the largest PGM producer from chrome tailings re-treatment, and has recently expanded through the Thaba Joint Venture to increase revenue streams with chromite concentrate. Sylvania also holds mining rights for PGM projects in the Northern Limb of the Bushveld Igneous Complex.
YTD Price Performance: -43.69%
Average Trading Volume: 958,169
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £105.9M
See more data about SLP stock on TipRanks’ Stock Analysis page.
