Thungela Resources (LON:TGA) Trading 1% Higher - What's Next?

Key Points

• Thungela Resources Limited shares rose 1% to GBX 394.50 ($5.34), following a session volume decline of 33% compared to the average.
• The company has a market cap of £507.42 million and a relatively low debt-to-equity ratio of 0.51, indicating financial stability.
• Thungela primarily engages in thermal coal mining in South Africa and Australia, operating multiple mines in the Mpumalanga province.

Thungela Resources Limited (LON:TGA - ) shares traded up 1% during trading on Monday . The company traded as high as GBX 405.50 ($5.49) and last traded at GBX 394.50 ($5.34). 151,379 shares changed hands during trading, a decline of 33% from the average session volume of 225,186 shares. The stock had previously closed at GBX 390.50 ($5.29).

Thungela Resources Stock Up 1.0%

The business's fifty day simple moving average is GBX 389.33 and its 200 day simple moving average is GBX 403.93. 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 stock has a market cap of £507.42 million, a price-to-earnings ratio of 14.93 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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