Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,954 shares, an increase of 732.5% from the June 30th total of 3,718 shares. Based on an average daily trading volume, of 13,255 shares, the short-interest ratio is currently 2.3 days.
Thungela Resources Stock Performance
TNGRF stock opened at $6.50 on Friday. The firm’s 50-day moving average is $7.24 and its two-hundred day moving average is $7.74. Thungela Resources has a 52 week low of $4.25 and a 52 week high of $10.72.
About Thungela Resources
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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