Thungela Resources (LON:TGA) Trading Up 1.7% – What’s Next?

Shares of Thungela Resources Limited (LON:TGA) were up 1.7% during mid-day trading on Monday . The company traded as high as GBX 549 ($7.00) and last traded at GBX 537.50 ($6.86). Approximately 92,462 shares changed hands during trading, a decline of 47% from the average daily volume of 173,160 shares. The stock had previously closed at GBX 528.50 ($6.74).

Thungela Resources Stock Up 3.6 %

The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of GBX 550.19 and a 200-day simple moving average of GBX 518.19. The company has a market cap of £766.20 million, a price-to-earnings ratio of 529.52 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.