Thungela Resources (LON:TGA) Trading Down 0.8% - Should You Sell?

Thungela Resources Limited (LON:TGA - Get Free Report) shares dropped 0.8% during trading on Friday . The stock traded as low as GBX 372 ($5.03) and last traded at GBX 372.50 ($5.04). Approximately 293,045 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 185,314 shares. The stock had previously closed at GBX 375.50 ($5.08).

Thungela Resources Stock Down 0.8%

The stock has a market cap of £11.75 billion, a P/E ratio of 3.59 and a beta of -0.87. 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's fifty day moving average is GBX 381.05 and its 200 day moving average is GBX 481.55.

Thungela Resources Increases Dividend

The company also recently announced a dividend, which was paid on Monday, May 12th. Investors of record on Thursday, April 24th were issued a GBX 46.48 ($0.63) dividend. This represents a yield of 9.41%. The ex-dividend date was Thursday, April 24th. This is an increase from Thungela Resources's previous dividend of $8.60. Thungela Resources's dividend payout ratio (DPR) is 16.40%.

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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