Tharisa (LON:THS) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Tharisa plc (LON:THS) shares passed 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.

Wall Street Analyst Weigh In

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

Tharisa Stock Up 0.7%

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 has a market cap of £344.73 million, a price-to-earnings ratio of 2.96 and a beta of 0.68. The firm has a 50 day moving average price of GBX 121.09 and a 200-day moving average price of GBX 119.25.

About Tharisa

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.