Tharisa (LON:THS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Tharisa plc (LON:THS)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 115.51 and traded as high as GBX 116.50. Tharisa shares last traded at GBX 115.80, with a volume of 31,059 shares.

Analysts Set New Price Targets

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

Tharisa Stock Performance

The firm’s 50-day moving average price is GBX 115.51 and its 200 day moving average price is GBX 120.66. The company has a market cap of £343.10 million, a price-to-earnings ratio of 2.95 and a beta of 0.71. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30.

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.