Tharisa (OTCMKTS:TIHRF) Shares Down 17.6% – Should You Sell?

Tharisa plc (OTCMKTS:TIHRFGet Free Report) shares were down 17.6% during trading on Monday . The company traded as low as $1.69 and last traded at $1.69. Approximately 1,004 shares traded hands during trading, a decline of 76% from the average daily volume of 4,185 shares. The stock had previously closed at $2.05.

Tharisa Price Performance

The company’s 50 day simple moving average is $1.84 and its two-hundred day simple moving average is $1.40.

About Tharisa

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Tharisa PLC is a mining company primarily engaged in the extraction, processing and sale of platinum group metals (PGMs) and chromite concentrates. Headquartered in London and listed on the OTC Markets under the symbol TIHRF, the company’s core asset is the Tharisa Mine, located on the Bushveld Complex in Rustenburg, South Africa. Through its integrated mining and processing operations, Tharisa produces a mixed PGM concentrate containing platinum, palladium, rhodium and other minor PGMs, alongside a high-grade chromite concentrate.

Commissioned in 2013, the Tharisa Mine benefits from proximity to major road and rail networks, enabling supply to a global customer base.

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