Thungela Resources (LON:TGA) Hits New 52-Week Low – Time to Sell?

Thungela Resources Limited (LON:TGA)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 343.50 ($4.69) and last traded at GBX 343.50 ($4.69), with a volume of 763849 shares traded. The stock had previously closed at GBX 365 ($4.99).

Thungela Resources Trading Down 5.9%

The stock’s 50-day moving average price is GBX 374.92 and its 200 day moving average price is GBX 463.22. 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 firm has a market capitalization of £10.83 billion, a PE ratio of 3.31 and a beta of -0.87.

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.