Thungela Resources (LON:TGA) Sets New 1-Year High – Here’s Why

Thungela Resources Limited (LON:TGA)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 761.25 and last traded at GBX 761.25, with a volume of 10115441 shares. The stock had previously closed at GBX 735.

Thungela Resources Stock Up 3.7%

The business’s 50 day moving average is GBX 532 and its 200-day moving average is GBX 432.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.53 and a current ratio of 1.88. The firm has a market capitalization of £980.42 million, a price-to-earnings ratio of 0.40 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. It also holds 85% of the Ensham Mine located in Queensland, Australia.