Thungela Resources (LON:TGA) Hits New 1-Year High – Time to Buy?

Thungela Resources Limited (LON:TGAGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 735 and last traded at GBX 724, with a volume of 34555883 shares traded. The stock had previously closed at GBX 696.

Thungela Resources Trading Up 4.0%

The business has a fifty day moving average price of GBX 486.90 and a 200 day moving average price of GBX 415.07. The company has a market capitalization of £930.87 million, a price-to-earnings ratio of 0.38 and a beta of -0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.88 and a quick ratio of 3.53.

Thungela Resources Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Thungela Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thungela Resources and related companies with MarketBeat.com's FREE daily email newsletter.