Tharisa (LON:THS) Trading Down 8.9% – Should You Sell?

Tharisa plc (LON:THS) was down 8.9% during trading on Monday . The stock traded as low as GBX 54 ($0.72) and last traded at GBX 56 ($0.74). Approximately 215,796 shares changed hands during trading, an increase of 39% from the average daily volume of 155,624 shares. The stock had previously closed at GBX 61.50 ($0.82).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 130 ($1.73) target price on shares of Tharisa in a research note on Thursday, April 10th.

Tharisa Price Performance

The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70. The company has a 50 day moving average price of GBX 57.60 and a 200 day moving average price of GBX 61.71. The company has a market capitalization of £202.56 million, a P/E ratio of 2.56 and a beta of 0.90.

Tharisa Increases Dividend

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

Tharisa Company Profile

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.