Tharisa (LON:THS) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Tharisa plc (LON:THSGet Free Report)’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.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 220 target price on shares of Tharisa in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 177.50.

Check Out Our Latest Research Report on THS

Tharisa Stock Up 2.2%

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 firm’s 50 day moving average is GBX 121.15 and its two-hundred day moving average is GBX 119.24. The firm has a market capitalization of £349.62 million, a P/E ratio of 3.00 and a beta of 0.68.

About Tharisa

(Get Free Report)

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.

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