Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) shares traded up 1.8% during trading on Thursday. The stock traded as high as $8.30 and last traded at $8.30. Approximately 2,170 shares were traded during trading, a decline of 80% from the average session volume of 10,853 shares. The stock had previously closed at $8.15.
Thungela Resources Price Performance
The stock has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.70.
About Thungela Resources
Thungela Resources Limited is a mining company focused primarily on the production and sale of thermal coal. The company supplies coal for electricity generation and serves both international export markets and domestic customers in South Africa. Its activities include mining, processing, transporting and marketing coal.
Thungela operates a portfolio of coal mines in South Africa, principally in the Mpumalanga province. Its operations include both underground and open-cast mining assets, with export coal transported to international customers through the Richards Bay Coal Terminal.
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