Thungela Resources Limited (LON:TGA – Get Free Report) dropped 8.4% on Tuesday . The company traded as low as GBX 417.13 and last traded at GBX 424. Approximately 498,036 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 720,564 shares. The stock had previously closed at GBX 463.
Thungela Resources Price Performance
The stock has a market cap of £539.68 million, a price-to-earnings ratio of -0.08 and a beta of -0.87. The company has a quick ratio of 3.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average is GBX 600.57 and its 200-day moving average is GBX 570.95.
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.
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