Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Declines By 90.3%

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,600 shares, a decline of 90.3% from the February 13th total of 119,500 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 0.9 days.

Thungela Resources Trading Down 0.8 %

TNGRF traded down $0.05 during trading on Friday, hitting $6.05. The company had a trading volume of 500 shares, compared to its average volume of 7,574. Thungela Resources has a 1-year low of $5.60 and a 1-year high of $7.94. The business has a 50-day moving average of $6.74 and a 200-day moving average of $6.80.

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.