Tharisa (LON:THS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Tharisa plc (LON:THSGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 120.06 and traded as low as GBX 113. Tharisa shares last traded at GBX 115, with a volume of 342,827 shares traded.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Tharisa

Tharisa Stock Performance

The company’s fifty day simple moving average is GBX 121.57 and its two-hundred day simple moving average is GBX 120.06. The company has a market capitalization of £340.73 million, a price-to-earnings ratio of 2.93 and a beta of 0.68. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30.

Tharisa Company Profile

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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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