Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) was up 6.3% during trading on Thursday . The company traded as high as $6.64 and last traded at $6.4870. 10,074 shares were traded during trading, a decline of 27% from the average session volume of 13,755 shares. The stock had previously closed at $6.10.
Thungela Resources Price Performance
The stock’s 50-day simple moving average is $7.24 and its two-hundred day simple moving average is $7.74.
Thungela Resources Company Profile
Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher?energy products tailored to customer specifications.
Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.
Further Reading
- Five stocks we like better than Thungela Resources
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
- AMD and Cerbras Create A New Blueprint For Hardware
Receive News & Ratings for Thungela Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thungela Resources and related companies with MarketBeat.com's FREE daily email newsletter.
