Thungela Resources (LON:TGA) Stock Price Down 3.8% - Should You Sell?

Key Points

• Thungela Resources shares fell by 3.8% on Friday, trading as low as GBX 365.50 and closing at GBX 391, with a trading volume significantly higher than average.
• The company has a market capitalization of £12.33 billion, a P/E ratio of 3.77, and strong liquidity ratios, indicating a current ratio of 1.89 and a quick ratio of 3.53.
• Thungela Resources is involved in the mining and production of thermal coal, operating several collieries mainly in South Africa's Mpumalanga province.

Shares of Thungela Resources Limited (LON:TGA - Get Free Report) traded down 3.8% during trading on Friday . The stock traded as low as GBX 365.50 ($4.91) and last traded at GBX 391 ($5.25). 674,324 shares changed hands during trading, an increase of 200% from the average session volume of 224,534 shares. The stock had previously closed at GBX 406.50 ($5.46).

Thungela Resources Stock Up 1.9%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 3.53. The firm's 50-day moving average is GBX 383.42 and its 200 day moving average is GBX 422.40. The stock has a market cap of £12.41 billion, a price-to-earnings ratio of 3.80 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.