Tharisa (LON:THS) Reaches New 12-Month High - Time to Buy?

Shares of Tharisa plc (LON:THS - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as GBX 88 ($1.20) and last traded at GBX 88 ($1.20), with a volume of 455215 shares trading hands. The stock had previously closed at GBX 85.50 ($1.16).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 ($2.72) price target on shares of Tharisa in a research report on Wednesday, July 2nd.

Tharisa Trading Up 2.9%

The firm has a market cap of £318.31 million, a price-to-earnings ratio of 4.03 and a beta of 0.90. 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 business has a 50 day moving average price of GBX 72.72 and a 200-day moving average price of GBX 63.94.

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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