Tharisa (LON:THS) Hits New 52-Week High - Should You Buy?

Tharisa plc (LON:THS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 93 ($1.25) and last traded at GBX 93 ($1.25), with a volume of 407564 shares. The stock had previously closed at GBX 90 ($1.21).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.69) target price on shares of Tharisa in a research note on Wednesday, July 2nd.

Tharisa Trading Up 3.3%

The firm has a market capitalization of £336.39 million, a P/E ratio of 4.26 and a beta of 0.90. The business's 50-day moving average is GBX 76.16 and its 200 day moving average is GBX 64.83. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80.

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.

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