Tharisa Executes Strategic Share Repurchase Program

The latest announcement is out from Tharisa ( (GB:THS) ).

Tharisa, a mining and metals company listed on both the Johannesburg and London stock exchanges, has executed a share repurchase program, buying back ordinary shares to be held in treasury. This move, involving purchases on the Johannesburg Stock Exchange but none on the London Stock Exchange during the specified period, is part of a broader strategy to manage its share capital and potentially enhance shareholder value. The total number of voting rights in Tharisa has been adjusted accordingly, impacting how shareholders calculate their interests in the company.

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 marketing of PGMs and chrome concentrates, leveraging innovation and technology. Its main asset is the Tharisa Mine in South Africa, and it is developing the Karo Platinum Project in Zimbabwe. Tharisa aims to reduce its carbon footprint by 30% by 2030 and achieve net carbon neutrality by 2050.

Average Trading Volume: 342,438

Technical Sentiment Signal: Buy

Current Market Cap: £273.3M

For detailed information about THS stock, go to TipRanks’ Stock Analysis page.