Tharisa (OTCMKTS:TIHRF) Stock Price Up 7.3% – Here’s Why

Tharisa plc (OTCMKTS:TIHRF) rose 7.3% on Wednesday . The company traded as high as $1.77 and last traded at $1.77. Approximately 271 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 6,934 shares. The stock had previously closed at $1.65.

Tharisa Stock Up 7.3%

The company’s 50 day moving average price is $1.39 and its 200-day moving average price is $1.14.

Tharisa Company Profile

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.