Tharisa (LON:THS) Hits New 12-Month Low – Here’s Why

by · The Cerbat Gem

Tharisa plc (LON:THS – Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 52 ($0.68) and last traded at GBX 52.95 ($0.69), with a volume of 356527 shares traded. The stock had previously closed at GBX 57 ($0.75).

Tharisa Stock Down 7.1 %

The firm’s 50-day moving average price is GBX 59.83 and its 200-day moving average price is GBX 65.45. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. The company has a market cap of £191.53 million, a price-to-earnings ratio of 2.42 and a beta of 0.90.

Tharisa Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.03 per share. This represents a dividend yield of 3.71%. The ex-dividend date was Thursday, February 27th. This is a boost from Tharisa’s previous dividend of $0.02. Tharisa’s payout ratio is currently 9.15%.

About Tharisa

(Get Free Report)

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.

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