Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 9,600 shares, a decrease of 37.7% from the October 31st total of 15,400 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is presently 2.0 days.

Thungela Resources Trading Up 4.1 %

Shares of TNGRF traded up $0.29 during trading hours on Friday, hitting $7.19. The stock had a trading volume of 650 shares, compared to its average volume of 3,356. Thungela Resources has a 12-month low of $5.35 and a 12-month high of $9.00. The company’s fifty day simple moving average is $6.98 and its 200 day simple moving average is $6.75.

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.