Thungela Resources (LON:TGA) Shares Down 1.7% – Here’s What Happened

Thungela Resources Limited (LON:TGA)’s share price was down 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 459 and last traded at GBX 466. 383,555 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 631,434 shares. The stock had previously closed at GBX 474.

Thungela Resources Trading Down 1.7%

The stock’s fifty day moving average price is GBX 491.15 and its 200 day moving average price is GBX 571.46. The company has a quick ratio of 3.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.54. The stock has a market cap of £593.14 million, a PE ratio of -0.09 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.