Thungela Resources Limited (LON:TGA – Get Free Report) shares fell 0.3% during mid-day trading on Friday . The company traded as low as GBX 638 and last traded at GBX 650. 152,042 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 800,418 shares. The stock had previously closed at GBX 652.
Thungela Resources Stock Performance
The stock has a 50-day simple moving average of GBX 662.40 and a 200-day simple moving average of GBX 536.60. The company has a market capitalization of £827.35 million, a price-to-earnings ratio of -0.12 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.
Thungela Resources Company Profile
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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