Thungela Resources (OTCMKTS:TNGRF – Get Free Report) is projected to post its resultson Monday, August 17th. Analysts expect the company to announce earnings of $0.2642 per share and revenue of $849.6120 million for the quarter.
Thungela Resources Stock Performance
Shares of TNGRF opened at $5.97 on Monday. The stock has a 50 day simple moving average of $6.79 and a 200 day simple moving average of $7.72. Thungela Resources has a 52-week low of $4.25 and a 52-week high of $10.72.
Thungela Resources Company Profile
Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.
Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.
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