Tharisa (LON:THS) Trading 3.3% Higher - Here's What Happened

Tharisa plc (LON:THS - Get Free Report) rose 3.3% during trading on Thursday . The stock traded as high as GBX 93 ($1.25) and last traded at GBX 93 ($1.25). Approximately 407,564 shares traded hands during trading, an increase of 71% from the average daily volume of 238,222 shares. The stock had previously closed at GBX 90 ($1.21).

Wall Street Analysts Forecast Growth

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

Tharisa Price Performance

The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. The stock's fifty day moving average is GBX 76.92 and its 200-day moving average is GBX 64.99. The stock has a market cap of £347.97 million, a PE ratio of 4.40 and a beta of 0.90.

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.