Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRFGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 18,500 shares, an increase of 255.8% from the May 15th total of 5,200 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 3.6 days.

Thungela Resources Price Performance

TNGRF traded up $0.01 during trading hours on Wednesday, reaching $6.65. 300 shares of the company’s stock traded hands, compared to its average volume of 3,668. The firm has a 50-day moving average price of $7.21 and a 200 day moving average price of $7.03. Thungela Resources has a 52-week low of $5.35 and a 52-week high of $10.39.

About Thungela Resources

(Get Free Report)

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.

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