Tharisa (LON:THS) Share Price Passes Above 50 Day Moving Average – What’s Next?

Tharisa plc (LON:THS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 115.51 and traded as high as GBX 116.50. Tharisa shares last traded at GBX 115.80, with a volume of 31,059 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 220 price objective on shares of Tharisa in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 177.50.

Tharisa Trading Down 0.6%

The stock’s fifty day simple moving average is GBX 115.51 and its two-hundred day simple moving average is GBX 120.66. The firm has a market cap of £343.10 million, a PE ratio of 2.95 and a beta of 0.71. The company has a quick ratio of 1.79, a current ratio of 2.30 and a debt-to-equity ratio of 15.61.

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.