Tharisa (LON:THS) Stock Price Down 1.2% – What’s Next?
by Teresa Graham · The Cerbat GemTharisa plc (LON:THS – Get Free Report)’s share price was down 1.2% during mid-day trading on Tuesday . The company traded as low as GBX 120 and last traded at GBX 121. Approximately 215,699 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 448,751 shares. The stock had previously closed at GBX 122.50.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 220 price objective on shares of Tharisa in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 177.50.
View Our Latest Research Report on Tharisa
Tharisa Stock Down 1.7%
The stock has a 50 day moving average of GBX 119.28 and a 200-day moving average of GBX 113.29. The firm has a market capitalization of £339.22 million, a P/E ratio of 4.40 and a beta of 0.73. The company has a debt-to-equity ratio of 13.31, a quick ratio of 1.80 and a current ratio of 2.03.
Tharisa Company Profile
About Tharisa – delivering on expansion and growth opportunities, commercialising technology solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.