Tharisa (LON:THS) Hits New 1-Year High – Here’s What Happened

Tharisa plc (LON:THS) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 129 and last traded at GBX 129, with a volume of 349064 shares changing hands. The stock had previously closed at GBX 123.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on THS shares. Peel Hunt reissued a “buy” rating and issued a GBX 135 price target on shares of Tharisa in a report on Monday, November 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 target price on shares of Tharisa in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 167.50.

Tharisa Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70. The firm has a market capitalization of £378.10 million, a price-to-earnings ratio of 4.96 and a beta of 0.90. The stock has a fifty day moving average price of GBX 104.19 and a 200-day moving average price of GBX 97.17.

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.