Tharisa (LON:THS) Trading Up 0.6% - Time to Buy?

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.

Tharisa plc (LON:THS - Get Free Report) shares were up 0.6% during mid-day trading on Friday . The stock traded as high as GBX 88 ($1.18) and last traded at GBX 87 ($1.17). Approximately 187,902 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 247,594 shares. The stock had previously closed at GBX 86.50 ($1.16).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.69) target price on shares of Tharisa in a research report on Wednesday, July 2nd.

Tharisa Trading Up 0.6%

The firm's 50-day simple moving average is GBX 85.18 and its 200-day simple moving average is GBX 67.71. 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 firm has a market capitalization of £314.69 million, a PE ratio of 3.98 and a beta of 0.90.

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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