Tharisa (OTCMKTS:TIHRF) Trading 24.8% Higher – Time to Buy?

Shares of Tharisa plc (OTCMKTS:TIHRFGet Free Report) rose 24.8% on Wednesday . The company traded as high as $1.66 and last traded at $1.61. Approximately 1,780 shares were traded during trading, a decline of 31% from the average daily volume of 2,585 shares. The stock had previously closed at $1.29.

Tharisa Price Performance

The firm has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.05.

Tharisa Company Profile

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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.

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