Thungela Resources (LON:TGA) Shares Down 0.4% - What's Next?

Key Points

• Thungela Resources Limited saw its stock price decline by 0.4% during trading, with shares last trading at GBX 372.50 ($5.04) down from a previous close of GBX 374 ($5.06).
• The company has a current market cap of £478.93 million and a price-to-earnings ratio of 19.58, indicating a moderate valuation in the market.
• Thungela is engaged in mining and production of thermal coal in South Africa and Australia, with significant operations in the Mpumalanga province.

Thungela Resources Limited (LON:TGA - )'s stock price fell 0.4% during trading on Tuesday . The stock traded as low as GBX 367 ($4.96) and last traded at GBX 372.50 ($5.04). 123,678 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 224,354 shares. The stock had previously closed at GBX 374 ($5.06).

Thungela Resources Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89. The company's 50 day moving average price is GBX 392.51 and its 200 day moving average price is GBX 392.73. The company has a market cap of £478.93 million, a price-to-earnings ratio of 19.58 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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