Thungela Resources (LON:TGA) Hits New 1-Year High – Still a Buy?

Thungela Resources Limited (LON:TGA)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 761.25 and last traded at GBX 761.25, with a volume of 10115441 shares trading hands. The stock had previously closed at GBX 735.

Thungela Resources Trading Down 2.0%

The company has a 50-day moving average price of GBX 545.75 and a 200-day moving average price of GBX 438.18. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 0.42 and a beta of -0.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.53 and a current ratio of 1.88.

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.