Thungela Resources (LON:TGA) Trading Down 14.9% - Should You Sell?

Key Points

• Thungela shares fell 14.9% intraday to GBX 579 from a prior close of GBX 680, with trading volume of ~416,792 shares, about 44% below the average daily volume.
• The company shows strong short‑term liquidity (quick ratio 3.53, current ratio 1.73) and moderate leverage (debt/equity 0.54), has a market cap of ~£707.5M and a negative P/E (-0.10); the stock sits below its 50‑day SMA (GBX 641.72) but above its 200‑day SMA (GBX 483.16).
• Thungela is a thermal coal producer operating multiple collieries in South Africa and an 85% stake in the Ensham Mine in Queensland, Australia.

Thungela Resources Limited (LON:TGA - )'s stock price was down 14.9% during mid-day trading on Friday . The stock traded as low as GBX 570 and last traded at GBX 579. Approximately 416,792 shares were traded during trading, a decline of 44% from the average daily volume of 738,773 shares. The stock had previously closed at GBX 680.

Thungela Resources Price Performance

The company has a quick ratio of 3.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.54. The company's 50-day simple moving average is GBX 641.72 and its 200 day simple moving average is GBX 483.16. The stock has a market capitalization of £707.45 million, a price-to-earnings ratio of -0.10 and a beta of -0.87.

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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