Tharisa (LON:THS) Trading Up 0.9% - Time to Buy?

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) shares shot up 0.9% during mid-day trading on Monday . The company traded as high as GBX 95 ($1.28) and last traded at GBX 91.85 ($1.24). 360,990 shares traded hands during trading, an increase of 47% from the average session volume of 246,224 shares. The stock had previously closed at GBX 91 ($1.23).

Analyst Ratings Changes

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

Tharisa Price Performance

The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The stock has a market capitalization of £272.29 million, a PE ratio of 547.62 and a beta of 0.90. The business has a 50 day moving average of GBX 89.61 and a two-hundred day moving average of GBX 72.05.

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.