Tharisa (OTCMKTS:TIHRF) Stock Price Up 24.1% – What’s Next?

Tharisa plc (OTCMKTS:TIHRF)’s share price shot up 24.1% during trading on Thursday . The stock traded as high as $1.80 and last traded at $1.80. 1,111 shares traded hands during trading, a decline of 76% from the average session volume of 4,709 shares. The stock had previously closed at $1.45.

Tharisa Price Performance

The business’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.53.

Tharisa Company Profile

Tharisa PLC is a mining company primarily engaged in the extraction, processing and sale of platinum group metals (PGMs) and chromite concentrates. Headquartered in London and listed on the OTC Markets under the symbol TIHRF, the company’s core asset is the Tharisa Mine, located on the Bushveld Complex in Rustenburg, South Africa. Through its integrated mining and processing operations, Tharisa produces a mixed PGM concentrate containing platinum, palladium, rhodium and other minor PGMs, alongside a high-grade chromite concentrate.

Commissioned in 2013, the Tharisa Mine benefits from proximity to major road and rail networks, enabling supply to a global customer base.