Tharisa (LON:THS) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Tharisa plc (LON:THS) shares passed 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.

Analysts Set New Price Targets

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

Tharisa Price Performance

The firm has a market capitalization of £351.10 million, a P/E ratio of 3.02 and a beta of 0.71. The business’s fifty day moving average is GBX 116.97 and its 200 day moving average is GBX 120.95. The company has a current ratio of 2.30, a quick ratio of 1.79 and a debt-to-equity ratio of 15.61.

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.