Tharisa (LON:THS) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Tharisa plc (LON:THSGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 116.97 and traded as high as GBX 119. Tharisa shares last traded at GBX 118, with a volume of 171,334 shares.

Analyst Ratings Changes

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

Get Our Latest Research Report on Tharisa

Tharisa Stock Performance

The company has a quick ratio of 1.79, a current ratio of 2.30 and a debt-to-equity ratio of 15.61. The firm has a 50-day moving average of GBX 116.71 and a 200 day moving average of GBX 120.93. The stock has a market capitalization of £348.14 million, a P/E ratio of 2.99 and a beta of 0.71.

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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