Thungela Resources (LON:TGA) Reaches New 1-Year Low – Time to Sell?

Thungela Resources Limited (LON:TGA) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 366 ($4.68) and last traded at GBX 378.50 ($4.84), with a volume of 147265 shares trading hands. The stock had previously closed at GBX 394 ($5.03).

Thungela Resources Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 3.53. The company has a market capitalization of £11.65 billion, a price-to-earnings ratio of 3.56 and a beta of -0.87. The stock has a 50-day moving average price of GBX 488.02 and a 200-day moving average price of GBX 527.44.

Thungela Resources Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 46.48 ($0.59) per share. This represents a yield of 9.41%. This is a boost from Thungela Resources’s previous dividend of $8.60. The ex-dividend date is Thursday, April 24th. Thungela Resources’s payout ratio is 16.40%.

Thungela Resources Company Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia. It owns interests in and produces its thermal coal from mining operations, consisting of underground and open cast mines in the Mpumalanga province of South Africa, including including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.