Thungela Resources (LON:TGA) Trading Down 1.7% – Should You Sell?

Shares of Thungela Resources Limited (LON:TGA) traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 459 and last traded at GBX 466. Approximately 383,555 shares were traded during trading, a decline of 39% from the average session volume of 631,434 shares. The stock had previously closed at GBX 474.

Thungela Resources Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.53 and a current ratio of 1.73. The stock has a market capitalization of £593.14 million, a P/E ratio of -0.09 and a beta of -0.87. The business has a 50-day moving average price of GBX 491.15 and a 200 day moving average price of GBX 571.46.

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