Tharisa (LON:THS) Reaches New 1-Year Low – Here’s What Happened

Tharisa plc (LON:THS) reached a new 52-week low during trading on Friday . The company traded as low as GBX 52 ($0.67) and last traded at GBX 52.95 ($0.68), with a volume of 356527 shares traded. The stock had previously closed at GBX 57 ($0.74).

Tharisa Price Performance

The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The firm has a market capitalization of £191.53 million, a price-to-earnings ratio of 2.42 and a beta of 0.90. The company has a 50-day moving average of GBX 59.71 and a 200-day moving average of GBX 65.31.

Tharisa Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 12th. Investors of record on Thursday, February 27th were given a $0.03 dividend. This is a boost from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. The ex-dividend date of this dividend was Thursday, February 27th. Tharisa’s payout ratio is currently 9.15%.

Tharisa Company Profile

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.