Tharisa (LON:THS) Sets New 1-Year High - Here's Why

Tharisa plc (LON:THS - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 88 ($1.20) and last traded at GBX 86.50 ($1.18), with a volume of 681652 shares trading hands. The stock had previously closed at GBX 85 ($1.16).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.73) target price on shares of Tharisa in a research report on Wednesday.

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 stock has a market capitalization of £311.07 million, a price-to-earnings ratio of 3.94 and a beta of 0.90. The stock has a 50-day moving average price of GBX 70.30 and a 200 day moving average price of GBX 63.37.

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.