Tharisa (LON:THS) Hits New 12-Month High at $85.40

Tharisa plc (LON:THS - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 85.40 ($1.08) and last traded at GBX 85.40 ($1.08), with a volume of 851004 shares changing hands. The stock had previously closed at GBX 81 ($1.03).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of Tharisa from GBX 130 ($1.65) to GBX 120 ($1.52) and set a "buy" rating for the company in a research report on Thursday, May 23rd.

Tharisa Price Performance

The stock has a market cap of £256.06 million, a price-to-earnings ratio of 406.67 and a beta of 0.98. The company has a current ratio of 2.20, a quick ratio of 1.80 and a debt-to-equity ratio of 20.68. The company's fifty day moving average is GBX 74.54 and its two-hundred day moving average is GBX 65.05.

Tharisa Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 26th. Stockholders of record on Thursday, June 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 1.56%. Tharisa's dividend payout ratio is presently 1,904.76%.

Tharisa Company Profile

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.