Thungela Resources (LON:TGA) Reaches New 12-Month High – What’s Next?

Thungela Resources Limited (LON:TGA) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 735 and last traded at GBX 724, with a volume of 34555883 shares changing hands. The stock had previously closed at GBX 696.

Thungela Resources Stock Performance

The firm has a fifty day simple moving average of GBX 486.90 and a 200 day simple moving average of GBX 415.07. The company has a current ratio of 1.88, a quick ratio of 3.53 and a debt-to-equity ratio of 0.16. The stock has a market cap of £930.87 million, a price-to-earnings ratio of 0.38 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.