Tharisa (LON:THS) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Tharisa plc (LON:THS)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 120.17 and traded as low as GBX 114. Tharisa shares last traded at GBX 116.50, with a volume of 847,224 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 220 target price on shares of Tharisa in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 177.50.

Tharisa Price Performance

The stock has a market capitalization of £345.18 million, a P/E ratio of 2.96 and a beta of 0.69. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30. The firm has a 50-day moving average price of GBX 120.17 and a 200 day moving average price of GBX 121.79.

Tharisa Company Profile

About Tharisa – delivering on expansion and growth opportunities, commercialising technology solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.