Thungela Resources (LON:TGA) Trading 0.8% Higher - Should You Buy?

Key Points

• Thungela Resources Limited's stock increased by 0.8% to trade at GBX 371 ($4.97), despite a 47% decrease in trading volume compared to the average session.
• The company holds a market capitalization of £477.01 million and has a healthy balance sheet with a current ratio of 1.89 and a debt-to-equity ratio of 0.51.
• Thungela Resources focuses on mining and producing thermal coal from various operations in South Africa, including several collieries in the Mpumalanga province.

Thungela Resources Limited (LON:TGA - )'s stock price traded up 0.8% on Wednesday . The company traded as high as GBX 373 ($5.00) and last traded at GBX 371 ($4.97). 121,467 shares changed hands during trading, a decline of 47% from the average session volume of 227,607 shares. The stock had previously closed at GBX 368 ($4.93).

Thungela Resources Stock Performance

The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of £477.01 million, a price-to-earnings ratio of 19.51 and a beta of -0.87. The stock's 50 day moving average price is GBX 382.02 and its two-hundred day moving average price is GBX 382.79.

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.

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