Thungela Resources Limited (LON:TGA – Get Free Report) shares shot up 3% during trading on Thursday . The company traded as high as GBX 355 and last traded at GBX 355. 1,344,408 shares were traded during trading, an increase of 468% from the average session volume of 236,888 shares. The stock had previously closed at GBX 344.50.
Thungela Resources Stock Performance
The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of GBX 365.44 and a 200 day simple moving average of GBX 375.91. The company has a market cap of £455.79 million, a price-to-earnings ratio of 0.19 and a beta of -0.87.
About Thungela Resources
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.
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