Tharisa (LON:THS) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Posted by Geri Gentry on Feb 15th, 2025

Tharisa plc (LON:THS – Get Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 63.51 ($0.80) and traded as low as GBX 58.01 ($0.73). Tharisa shares last traded at GBX 59 ($0.74), with a volume of 128,234 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 120 ($1.51) price target on shares of Tharisa in a report on Thursday, November 28th.

Check Out Our Latest Research Report on Tharisa

Tharisa Trading Up 1.7 %

The firm has a market cap of £213.41 million, a price-to-earnings ratio of 2.70 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. The firm’s fifty day moving average is GBX 63.51 and its 200-day moving average is GBX 69.84.

Tharisa Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 12th. Investors of record on Thursday, February 27th will be issued a $0.03 dividend. This is a positive change from Tharisa’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 3.71%. Tharisa’s payout ratio is presently 9.15%.

Tharisa Company Profile

(Get Free Report)

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.