Tharisa (LON:THS) Trading 6.3% Higher - What's Next?

Tharisa plc (LON:THS - Get Free Report)'s stock price traded up 6.3% during trading on Thursday . The company traded as high as GBX 85 ($1.17) and last traded at GBX 85 ($1.17). 935,871 shares changed hands during mid-day trading, an increase of 323% from the average session volume of 221,362 shares. The stock had previously closed at GBX 80 ($1.10).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 130 ($1.78) price objective on shares of Tharisa in a research note on Thursday, April 10th.

Tharisa Stock Up 6.3%

The firm has a 50-day moving average price of GBX 66.09 and a two-hundred day moving average price of GBX 62.61. The company has a market capitalization of £307.46 million, a P/E ratio of 3.89 and a beta of 0.90. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.

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.

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