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Tharisa ( (GB:THS) ) has issued an announcement.
Tharisa PLC, a mining and metals company listed on both the Johannesburg and London stock exchanges, has announced a transaction involving the repurchase of its own shares. The company purchased 33,990 shares on the Johannesburg Stock Exchange and 162,500 shares on the London Stock Exchange as part of its share repurchase programme. These shares will be held in treasury for up to two years. This move is part of Tharisa’s strategy to manage its share capital and potentially enhance shareholder value. The total number of voting rights in Tharisa is now 294,599,631, which is relevant for shareholders monitoring their stakes 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. The company is involved 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. Tharisa aims to reduce its carbon footprint by 30% by 2030 and become net carbon neutral by 2050.
Average Trading Volume: 355,934
Technical Sentiment Signal: Buy
Current Market Cap: £269.5M
See more insights into THS stock on TipRanks’ Stock Analysis page.