Thungela Resources (LON:TGA) Trading Down 0.7% – Here’s What Happened

Thungela Resources Limited (LON:TGA)’s stock price dropped 0.7% during mid-day trading on Thursday . The company traded as low as GBX 493.50 and last traded at GBX 498.50. Approximately 109,226 shares changed hands during trading, a decline of 56% from the average daily volume of 250,990 shares. The stock had previously closed at GBX 502.

Thungela Resources Stock Down 0.7%

The firm has a market capitalization of £640.94 million, a PE ratio of 0.26 and a beta of -0.87. The company’s 50 day simple moving average is GBX 467.62 and its 200-day simple moving average is GBX 405.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89.

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.