Shares of Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $7.74 and traded as low as $7.6550. Thungela Resources shares last traded at $7.6550, with a volume of 200 shares.
Thungela Resources Stock Down 3.1%
The business’s fifty day moving average is $8.06 and its 200 day moving average is $7.74.
About Thungela Resources
Thungela Resources Limited is a mining company focused primarily on the production and sale of thermal coal. The company supplies coal for electricity generation and serves both international export markets and domestic customers in South Africa. Its activities include mining, processing, transporting and marketing coal.
Thungela operates a portfolio of coal mines in South Africa, principally in the Mpumalanga province. Its operations include both underground and open-cast mining assets, with export coal transported to international customers through the Richards Bay Coal Terminal.
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