Tharisa (LON:THS) Hits New 52-Week High - What's Next?

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.68) target price on shares of Tharisa in a research note on Wednesday, July 2nd.

Tharisa Stock Up 1.3%

The business has a 50-day moving average price of GBX 76.92 and a 200-day moving average price of GBX 64.99. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70. The company has a market capitalization of £347.97 million, a price-to-earnings ratio of 4.40 and a beta of 0.90.

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.