Thungela Resources Limited (LON:TGA – Get Free Report)’s share price was up 23.8% on Wednesday . The stock traded as high as GBX 648 and last traded at GBX 629. Approximately 5,505,611 shares were traded during mid-day trading, an increase of 1,374% from the average daily volume of 373,632 shares. The stock had previously closed at GBX 508.
Thungela Resources Stock Down 0.6%
The company has a debt-to-equity ratio of 0.16, a current ratio of 1.88 and a quick ratio of 3.53. The stock has a 50 day simple moving average of GBX 473.85 and a 200-day simple moving average of GBX 409.21. The firm has a market cap of £804.87 million, a PE ratio of 0.33 and a beta of -0.87.
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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