Thungela Resources (LON:TGA) Trading Down 0.7% – Time to Sell?

Thungela Resources Limited (LON:TGA) shares fell 0.7% on Thursday . The stock traded as low as GBX 493.50 and last traded at GBX 498.50. 109,226 shares changed hands during trading, a decline of 56% from the average session volume of 250,990 shares. The stock had previously closed at GBX 502.

Thungela Resources Trading Up 1.9%

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 market cap of £653.15 million, a P/E ratio of 0.27 and a beta of -0.87. The firm’s 50-day simple moving average is GBX 468.51 and its 200 day simple moving average is GBX 406.33.

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.