Tharisa (LON:THS) Trading Down 13.6% – Should You Sell?

Tharisa plc (LON:THS)’s share price dropped 13.6% during trading on Monday . The stock traded as low as GBX 54.11 ($0.66) and last traded at GBX 55.75 ($0.68). Approximately 159,111 shares were traded during mid-day trading, an increase of 112% from the average daily volume of 75,071 shares. The stock had previously closed at GBX 64.50 ($0.79).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 120 ($1.47) target price on shares of Tharisa in a research report on Thursday, November 28th.

Tharisa Trading Up 1.7 %

The company has a market cap of £180.07 million, a price-to-earnings ratio of 290.48 and a beta of 0.90. The firm has a 50 day moving average price of GBX 67.42 and a two-hundred day moving average price of GBX 73.28. The company has a quick ratio of 1.80, a current ratio of 2.07 and a debt-to-equity ratio of 15.84.

Tharisa Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Thursday, February 27th will be paid a $0.03 dividend. This is a boost from Tharisa’s previous dividend of $0.02. The ex-dividend date is Thursday, February 27th. This represents a dividend yield of 3.71%. Tharisa’s dividend payout ratio is presently 952.38%.

About Tharisa

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.