Tharisa (LON:THS) Trading Down 8.9% - Should You Sell?

Shares of Tharisa plc (LON:THS - Get Free Report) dropped 8.9% on Monday . The company traded as low as GBX 54 ($0.72) and last traded at GBX 56 ($0.74). Approximately 215,796 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 155,624 shares. The stock had previously closed at GBX 61.50 ($0.82).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 130 ($1.73) price target on shares of Tharisa in a research note on Thursday, April 10th.

Tharisa Stock Performance

The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70. The stock has a 50 day simple moving average of GBX 57.60 and a two-hundred day simple moving average of GBX 61.71. The stock has a market capitalization of £202.56 million, a P/E ratio of 2.56 and a beta of 0.90.

Tharisa Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were paid a $0.03 dividend. This represents a yield of 3.71%. This is an increase from Tharisa's previous dividend of $0.02. The ex-dividend date was Thursday, February 27th. Tharisa's dividend payout ratio (DPR) is currently 9.15%.

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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