Thungela Resources (LON:TGA) Shares Up 3.8% – Time to Buy?

Thungela Resources Limited (LON:TGA) shares shot up 3.8% on Tuesday . The company traded as high as GBX 658 and last traded at GBX 650. Approximately 546,845 shares changed hands during trading, a decline of 8% from the average session volume of 595,933 shares. The stock had previously closed at GBX 626.

Thungela Resources Trading Up 1.2%

The business has a 50 day moving average of GBX 493.88 and a 200-day moving average of GBX 582.56. The stock has a market cap of £860.45 million, a PE ratio of -0.15 and a beta of -0.87. The company has a current ratio of 1.62, a quick ratio of 3.53 and a debt-to-equity ratio of 0.45.

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.