Tharisa (LON:THS) Sets New 1-Year Low – Time to Sell?

Shares of Tharisa plc (LON:THS) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 52 ($0.68) and last traded at GBX 52.95 ($0.69), with a volume of 356527 shares traded. The stock had previously closed at GBX 57 ($0.75).

Tharisa Stock Performance

The stock’s 50 day simple moving average is GBX 59.83 and its two-hundred day simple moving average is GBX 65.45. The company has a market cap of £191.53 million, a PE ratio of 2.42 and a beta of 0.90. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.

Tharisa Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were given a dividend of $0.03 per share. This represents a yield of 3.71%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Tharisa’s previous dividend of $0.02. Tharisa’s payout ratio is 9.15%.

Tharisa Company Profile

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.