Tharisa (LON:THS) Shares Cross Below 50 Day Moving Average – Here’s Why

Tharisa plc (LON:THS)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 123.54 and traded as low as GBX 119.50. Tharisa shares last traded at GBX 123.50, with a volume of 441,065 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Tharisa in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Tharisa has a consensus rating of “Buy” and an average target price of GBX 182.50.

Tharisa Price Performance

The stock has a market cap of £342.21 million, a P/E ratio of 2.94 and a beta of 0.71. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30. The firm has a 50-day moving average price of GBX 123.54 and a 200-day moving average price of GBX 120.22.

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.