Tharisa (LON:THS) Shares Pass Below 50-Day Moving Average – What’s Next?

Posted by Alanna Baker on Feb 8th, 2025

Tharisa plc (LON:THS – Get Free Report)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 64.67 ($0.80) and traded as low as GBX 58.75 ($0.73). Tharisa shares last traded at GBX 59.70 ($0.74), with a volume of 218,968 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 120 ($1.49) target price on shares of Tharisa in a research note on Thursday, November 28th.

Check Out Our Latest Analysis on Tharisa

Tharisa Stock Performance

The company has a market cap of £175.94 million, a PE ratio of 283.81 and a beta of 0.90. 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 stock’s 50-day simple moving average is GBX 64.31 and its 200 day simple moving average is GBX 70.46.

Tharisa Increases Dividend

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

About Tharisa

(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.