Tharisa (LON:THS) Stock Price Down 13.6% - What's Next?

Tharisa plc (LON:THS - Get Free Report) shares were down 13.6% on Monday . The company traded as low as GBX 54.11 ($0.66) and last traded at GBX 55.75 ($0.68). Approximately 159,111 shares changed hands during 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 Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 120 ($1.47) price objective on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Trading Down 6.0 %

The business has a 50 day moving average of GBX 67.84 and a 200 day moving average of GBX 73.60. The firm has a market capitalization of £178.89 million, a price-to-earnings ratio of 288.57 and a beta of 0.90. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80.

Tharisa Increases Dividend

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

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.