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Tharisa ( (GB:THS) ) just unveiled an update.
Tharisa PLC has announced a US$5 million general share repurchase program following approval at its Annual General Meeting. The decision comes as the company believes its shares are undervalued due to global commodity pricing challenges and market volatility. The repurchase program, managed by Peel Hunt LLP, aims to support capital discipline and reflects confidence in Tharisa’s growth prospects. The program will run from June 2025 to February 2026, with specific conditions on pricing and trading periods. This move is expected to benefit shareholders and strengthen Tharisa’s market position.
The most recent analyst rating on (GB:THS) stock is a Buy with a £1.00 price target. To see the full list of analyst forecasts on Tharisa stock, see the GB:THS Stock Forecast page.
More about Tharisa
Tharisa is an integrated resource group focused on the energy transition and decarbonisation of economies. It operates in exploration, mining, processing, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates. Its main asset is the Tharisa Mine in South Africa, and it is developing the Karo Platinum Project in Zimbabwe. The company is committed to reducing its carbon footprint and is involved in renewable energy projects.
Average Trading Volume: 162,432
Technical Sentiment Signal: Hold
Current Market Cap: £190M
Learn more about THS stock on TipRanks’ Stock Analysis page.