Tharisa (LON:THS) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Tharisa plc (LON:THS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.50 and traded as low as GBX 115. Tharisa shares last traded at GBX 116.50, with a volume of 74,679 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 220 price objective on shares of Tharisa in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 177.50.

Tharisa Price Performance

The company has a debt-to-equity ratio of 15.61, a current ratio of 2.30 and a quick ratio of 1.79. The company has a 50-day simple moving average of GBX 120.65 and a 200-day simple moving average of GBX 121.50. The stock has a market cap of £345.18 million, a PE ratio of 2.96 and a beta of 0.68.

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.