Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 457.1% in October

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 7,800 shares, a growth of 457.1% from the September 30th total of 1,400 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 1.2 days.

Thungela Resources Stock Up 0.4 %

OTCMKTS TNGRF traded up $0.03 during trading on Friday, reaching $7.35. 3,072 shares of the company traded hands, compared to its average volume of 3,368. Thungela Resources has a 1-year low of $5.35 and a 1-year high of $9.70. The stock’s 50 day moving average price is $6.53 and its two-hundred day moving average price is $6.73.

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.