Thungela Resources Limited (LON:TGA – Get Free Report) dropped 10.4% on Wednesday . The company traded as low as GBX 664 and last traded at GBX 673. Approximately 1,463,442 shares were traded during trading, an increase of 85% from the average daily volume of 792,608 shares. The stock had previously closed at GBX 751.
Thungela Resources Trading Up 1.2%
The firm has a market capitalization of £867.20 million, a PE ratio of -0.13 and a beta of -0.87. The company has a current ratio of 1.73, a quick ratio of 3.53 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of GBX 617.57 and a two-hundred day moving average price of GBX 471.75.
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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