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An announcement from Sylvania Platinum ( (GB:SLP) ) is now available.
Sylvania Platinum Limited announced a share buyback, acquiring 25,000 Ordinary Shares to be held in Treasury pending cancellation. This move reduces the number of shares with voting rights to 260,134,330 and reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value.
More about Sylvania Platinum
Sylvania Platinum is a cost-efficient producer of platinum group metals (PGMs), including platinum, palladium, and rhodium, based in South Africa. It operates six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings. The company is the largest in its industry segment and has expanded operations through the Thaba Joint Venture, enhancing its revenue stream with chromite concentrate.
YTD Price Performance: 0.60%
Average Trading Volume: 877,606
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £108M
See more insights into SLP stock on TipRanks’ Stock Analysis page.
