Thungela Resources (LON:TGA) Trading 1.7% Higher – What’s Next?

Thungela Resources Limited (LON:TGA) rose 1.7% during trading on Monday . The stock traded as high as GBX 549 ($7.00) and last traded at GBX 537.50 ($6.85). Approximately 92,462 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 173,160 shares. The stock had previously closed at GBX 528.50 ($6.74).

Thungela Resources Price Performance

The firm has a market capitalization of £714.98 million, a price-to-earnings ratio of 511.90 and a beta of -0.87. The company’s fifty day moving average price is GBX 548.50 and its 200 day moving average price is GBX 518.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89.

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.