Thungela Resources (LON:TGA) Stock Price Down 0.3% – What’s Next?

Thungela Resources Limited (LON:TGA) was down 0.3% during trading on Friday . The company traded as low as GBX 638 and last traded at GBX 650. Approximately 152,042 shares changed hands during trading, a decline of 81% from the average daily volume of 800,418 shares. The stock had previously closed at GBX 652.

Thungela Resources Stock Down 0.3%

The company has a current ratio of 1.73, a quick ratio of 3.53 and a debt-to-equity ratio of 0.54. The firm has a market cap of £827.35 million, a PE ratio of -0.12 and a beta of -0.87. The business’s 50-day simple moving average is GBX 662.40 and its 200 day simple moving average is GBX 536.60.

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. It also holds 85% of the Ensham Mine located in Queensland, Australia.