Thungela Resources (LON:TGA) Hits New 12-Month Low - What's Next?

Key Points

• Thungela Resources shares hit a new 52-week low, trading as low as GBX 323 ($4.33) before closing at GBX 327 ($4.38).
• The company's stock has declined by 4.8% and possesses a market capitalization of £420.43 million with a PE ratio of 0.17.
• Thungela Resources specializes in the mining and production of thermal coal, primarily operating in South Africa with multiple mining sites in the Mpumalanga province.

Thungela Resources Limited (LON:TGA - ) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 323 ($4.33) and last traded at GBX 327 ($4.38), with a volume of 625404 shares traded. The stock had previously closed at GBX 343.50 ($4.60).

Thungela Resources Trading Down 4.8%

The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average is GBX 379.46 and its two-hundred day moving average is GBX 380.88. The company has a market capitalization of £420.43 million, a PE ratio of 0.17 and a beta of -0.87.

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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