Thungela Resources (LON:TGA) Trading Down 0.3% - What's Next?

Key Points

• Thungela Resources shares slipped 0.3% on Friday, trading between GBX 599 and GBX 616 as volume dropped sharply to 85,036 shares, well below the normal session average.
• The company has a market value of about £781.5 million and currently shows a negative P/E ratio, with its 50-day average price above the latest trading level and its 200-day average below it.
• Thungela Resources is a thermal coal producer with mining operations in South Africa and Australia, including a controlling 85% stake in the Ensham Mine in Queensland.

Shares of Thungela Resources Limited (LON:TGA - ) fell 0.3% on Friday . The company traded as low as GBX 599 and last traded at GBX 614. 85,036 shares were traded during mid-day trading, a decline of 90% from the average session volume of 887,719 shares. The stock had previously closed at GBX 616.

Thungela Resources Stock Performance

The firm has a market capitalization of £781.52 million, a P/E ratio of -0.11 and a beta of -0.87. The stock has a fifty day simple moving average of GBX 672.52 and a two-hundred day simple moving average of GBX 507. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.73 and a quick ratio of 3.53.

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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