Thungela Resources (LON:TGA) Hits New 12-Month Low - Should You Sell?

Shares of Thungela Resources Limited (LON:TGA - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 343.50 ($4.69) and last traded at GBX 343.50 ($4.69), with a volume of 763849 shares. The stock had previously closed at GBX 365 ($4.99).

Thungela Resources Trading Down 5.9%

The stock has a fifty day moving average of GBX 374.92 and a 200-day moving average of GBX 463.22. The company has a market cap of £10.83 billion, a PE ratio of 3.31 and a beta of -0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89.

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.

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