Thungela Resources Limited (OTCMKTS:TNGRF) Sees Significant Drop in Short Interest

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 400 shares, a decline of 99.9% from the March 31st total of 281,600 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 0.3 days.

Thungela Resources Stock Performance

Thungela Resources stock opened at $5.20 on Friday. The business has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $6.60. Thungela Resources has a 12 month low of $4.46 and a 12 month high of $7.76.

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.