Thungela Resources (LON:TGA) Trading Down 0.8% - Here's What Happened

Shares of Thungela Resources Limited (LON:TGA - Get Free Report) dropped 0.8% during mid-day trading on Friday . The company traded as low as GBX 372 ($5.02) and last traded at GBX 372.50 ($5.03). Approximately 293,045 shares traded hands during trading, an increase of 58% from the average daily volume of 185,314 shares. The stock had previously closed at GBX 375.50 ($5.07).

Thungela Resources Trading Up 0.1%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89. The company's 50 day moving average is GBX 379.37 and its 200 day moving average is GBX 477.46. The stock has a market capitalization of £11.68 billion, a price-to-earnings ratio of 3.57 and a beta of -0.87.

Thungela Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 12th. Stockholders of record on Thursday, April 24th were issued a dividend of GBX 46.48 ($0.63) per share. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend was Thursday, April 24th. This is a positive change from Thungela Resources's previous dividend of $8.60. Thungela Resources's dividend payout ratio (DPR) is presently 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.