Tharisa (LON:THS) Shares Up 3.3% - Here's Why

Tharisa plc (LON:THS - Get Free Report)'s share price 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 changed hands during mid-day 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 restated a "buy" rating and set a GBX 200 ($2.69) price objective on shares of Tharisa in a research report on Wednesday, July 2nd.

Tharisa Trading Up 3.3%

The company has a market cap of £336.39 million, a price-to-earnings ratio of 4.26 and a beta of 0.90. The business has a fifty day simple moving average of GBX 76.16 and a 200 day simple moving average of GBX 64.83. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.

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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