Tharisa (LON:THS) Trading Down 0.7% – Time to Sell?

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

Analysts Set New Price Targets

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

Tharisa Trading Down 0.7 %

The firm has a market capitalization of £199.26 million, a price-to-earnings ratio of 321.43 and a beta of 0.90. The business’s 50-day moving average price is GBX 71.23 and its 200 day moving average price is GBX 75.92. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80.

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.