Tharisa (LON:THS) Stock Price Up 0.9% - Here's Why

Key Points

• Tharisa plc's stock price increased by 0.9% to GBX 91.85 ($1.24) during trading, with significant trading volume up 47% from the average.
• Berenberg Bank has given Tharisa a "buy" rating with a target price of GBX 200, contributing to an overall average rating of "Buy" among analysts.
• Tharisa is a low-cost producer of platinum group metals and chrome concentrates, leveraging a vertical structure for processing and logistics at its South African mining operations.

Tharisa plc (LON:THS - Get Free Report) shot up 0.9% on Monday . The stock traded as high as GBX 95 ($1.29) and last traded at GBX 91.85 ($1.24). 360,990 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 246,224 shares. The stock had previously closed at GBX 91 ($1.23).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 200 target price on shares of Tharisa in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 200.

Tharisa Price Performance

The company's 50-day moving average is GBX 88.73 and its 200-day moving average is GBX 71.19. The firm has a market cap of £271.83 million, a price-to-earnings ratio of 546.70 and a beta of 0.90. 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 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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