Thungela Resources (LON:TGA) Shares Down 12.3% - Here's What Happened

Key Points

• Thungela shares fell 12.3% to GBX 701 on Monday, with volume spiking to about 4.43 million shares — roughly a 395% increase versus the average daily volume.
• The company has a market cap of £888.4 million and an unusually low PE ratio of 0.36, and its balance sheet shows strong liquidity (current ratio 1.88, quick ratio 3.53) with low leverage (debt/equity 0.16).
• Thungela is a thermal coal producer operating multiple collieries in South Africa and holds an 85% stake in the Ensham mine in Queensland, Australia.

Thungela Resources Limited (LON:TGA - ) was down 12.3% on Monday . The company traded as low as GBX 701 and last traded at GBX 701. Approximately 4,428,260 shares traded hands during trading, an increase of 395% from the average daily volume of 895,102 shares. The stock had previously closed at GBX 799.

Thungela Resources Price Performance

The stock has a market capitalization of £888.44 million, a PE ratio of 0.36 and a beta of -0.87. The business has a fifty day moving average price of GBX 545.75 and a 200-day moving average price of GBX 438.78. The company has a current ratio of 1.88, a quick ratio of 3.53 and a debt-to-equity ratio of 0.16.

About Thungela Resources

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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