Thungela Resources (LON:TGA) Trading Up 10.3% - What's Next?

Key Points

• Shares jumped 10.3% intraday to as high as GBX 818 (last GBX 810.66) with volume surging to 11,055,667 shares—about a 1,810% increase versus average—leaving the stock well above its 50‑day (GBX 539.28) and 200‑day (GBX 435.39) moving averages.
• Fundamentals and operations: Thungela is a thermal coal producer in South Africa and Australia with a market cap of £1.04 billion, a very low P/E of 0.43, strong liquidity (current ratio 1.88, quick ratio 3.53) and low leverage (debt/equity 0.16).

Thungela Resources Limited (LON:TGA - )'s share price traded up 10.3% during mid-day trading on Friday . The company traded as high as GBX 818 and last traded at GBX 810.66. 11,055,667 shares changed hands during trading, an increase of 1,810% from the average session volume of 578,902 shares. The stock had previously closed at GBX 735.

Thungela Resources Stock Down 0.2%

The firm's 50 day moving average price is GBX 539.28 and its 200-day moving average price is GBX 435.39. The company has a current ratio of 1.88, a quick ratio of 3.53 and a debt-to-equity ratio of 0.16. The company has a market cap of £1.04 billion, a P/E ratio of 0.43 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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