Thungela Resources Limited (LON:TGA – Get Free Report)’s share price traded down 6% on Monday . The company traded as low as GBX 532 and last traded at GBX 537. 725,809 shares changed hands during trading, a decline of 1% from the average daily volume of 732,122 shares. The stock had previously closed at GBX 571.
Thungela Resources Stock Down 7.2%
The company’s 50 day simple moving average is GBX 620.38 and its 200-day simple moving average is GBX 569.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.53 and a current ratio of 1.73. The firm has a market capitalization of £619.87 million, a PE ratio of -0.09 and a beta of -0.87.
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.
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