Tharisa (LON:THS) Reaches New 12-Month Low - Here's What Happened

Tharisa plc (LON:THS - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 52 ($0.66) and last traded at GBX 52.95 ($0.68), with a volume of 356527 shares traded. The stock had previously closed at GBX 57 ($0.73).

Tharisa Price Performance

The stock has a market cap of £177.24 million, a P/E ratio of 2.24 and a beta of 0.90. The business's 50 day moving average price is GBX 59.32 and its two-hundred day moving average price is GBX 64.75. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70.

Tharisa Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.03 per share. This is an increase from Tharisa's previous dividend of $0.02. The ex-dividend date was Thursday, February 27th. This represents a dividend yield of 3.71%. Tharisa's dividend payout ratio is 9.15%.

About Tharisa

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.