Tharisa (LON:THS) Shares Up 0.6% - Here's Why

Key Points

• Tharisa plc shares rose by 0.6% to GBX 87 ($1.17), with approximately 187,902 shares traded, which is a decline of 24% from its average daily volume.
• Analysts from Berenberg Bank maintain a "buy" rating on Tharisa, projecting a target price of GBX 200 ($2.69).
• The company has a market capitalization of £314.69 million and a notably low PE ratio of 3.98, indicating strong potential for growth.

Shares of Tharisa plc (LON:THS - Get Free Report) shot up 0.6% during mid-day trading on Friday . The stock traded as high as GBX 88 ($1.19) and last traded at GBX 87 ($1.17). 187,902 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 247,594 shares. The stock had previously closed at GBX 86.50 ($1.17).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.70) target price on shares of Tharisa in a report on Wednesday, July 2nd.

Tharisa Stock Down 1.1%

The firm's fifty day moving average price is GBX 85.90 and its two-hundred day moving average price is GBX 68.22. The stock has a market cap of £314.69 million, a price-to-earnings ratio of 3.98 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80.

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.