Tharisa (LON:THS) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Tharisa plc (LON:THS)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 121.09 and traded as low as GBX 113. Tharisa shares last traded at GBX 116.35, with a volume of 690,673 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 note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tharisa currently has a consensus rating of “Buy” and an average target price of GBX 177.50.

Tharisa Stock Performance

The company has a market capitalization of £344.73 million, a price-to-earnings ratio of 2.96 and a beta of 0.68. The company has a debt-to-equity ratio of 15.61, a current ratio of 2.30 and a quick ratio of 1.80. The stock has a 50 day moving average price of GBX 121.09 and a two-hundred day moving average price of GBX 119.25.

About Tharisa

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.