Shares of Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) shot up 3.2% on Wednesday . The company traded as high as $5.25 and last traded at $5.09. 1,450 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 5,766 shares. The stock had previously closed at $4.93.
Thungela Resources Stock Performance
The business has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.66.
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.
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