Thungela Resources Limited (LON:TGA – Get Free Report)’s share price rose 0.3% during trading on Wednesday. The stock traded as high as GBX 545 and last traded at GBX 539.40. Approximately 437,929 shares traded hands during trading, a decline of 24% from the average daily volume of 573,111 shares. The stock had previously closed at GBX 538.
Thungela Resources Trading Up 7.7%
The business’s 50 day moving average price is GBX 536.99 and its two-hundred day moving average price is GBX 580.35. The company has a market capitalization of £725.72 million, a price-to-earnings ratio of -0.12 and a beta of -0.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.53 and a current ratio of 1.62.
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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