Thungela Resources (LON:TGA) Trading Down 0.3% – What’s Next?

Thungela Resources Limited (LON:TGA)’s stock price was down 0.3% during mid-day trading on Friday . The stock traded as low as GBX 599 and last traded at GBX 614. Approximately 85,036 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 887,719 shares. The stock had previously closed at GBX 616.

Thungela Resources Trading Down 0.3%

The firm has a fifty day simple moving average of GBX 672.52 and a 200-day simple moving average of GBX 507. The firm has a market cap of £781.52 million, a P/E ratio of -0.11 and a beta of -0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.73 and a quick ratio of 3.53.

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.