Tharisa (LON:THS) Shares Down 0.7% – Here’s Why

Tharisa plc (LON:THS) shares fell 0.7% during trading on Monday . The company traded as low as GBX 67 ($0.85) and last traded at GBX 67.50 ($0.86). 59,082 shares traded hands during trading, a decline of 77% from the average session volume of 257,520 shares. The stock had previously closed at GBX 68 ($0.86).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 130 ($1.65) price target on shares of Tharisa in a research note on Thursday, July 25th.

Tharisa Stock Down 0.7 %

The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07. The firm has a fifty day simple moving average of GBX 71.23 and a 200 day simple moving average of GBX 75.92. The company has a market cap of £199.26 million, a PE ratio of 321.43 and a beta of 0.90.

About Tharisa

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.