Shares of Thungela Resources Limited (LON:TGA – Get Free Report) traded up 3.6% during trading on Thursday. The company traded as high as GBX 663 and last traded at GBX 658. 264,553 shares were traded during mid-day trading, a decline of 52% from the average session volume of 553,023 shares. The stock had previously closed at GBX 635.
Thungela Resources Price Performance
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.62 and a quick ratio of 3.53. The stock has a 50 day simple moving average of GBX 587.02 and a two-hundred day simple moving average of GBX 566.64. The company has a market cap of £866.80 million, a price-to-earnings ratio of -0.15 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. It also holds 85% of the Ensham Mine located in Queensland, Australia.
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