Tharisa (LON:THS) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of Tharisa plc (LON:THS) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 116.97 and traded as high as GBX 119. Tharisa shares last traded at GBX 118, with a volume of 171,334 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 220 target price on shares of Tharisa in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tharisa currently has a consensus rating of “Buy” and a consensus target price of GBX 177.50.

Tharisa Stock Up 0.4%

The stock has a market cap of £351.10 million, a P/E ratio of 3.02 and a beta of 0.71. The company has a current ratio of 2.30, a quick ratio of 1.79 and a debt-to-equity ratio of 15.61. The stock’s 50-day moving average is GBX 116.97 and its 200-day moving average is GBX 120.95.

About Tharisa

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.