Thungela Resources (LON:TGA) Shares Down 1.3% – Here’s Why

Shares of Thungela Resources Limited (LON:TGA) traded down 1.3% during trading on Thursday . The stock traded as low as GBX 393 ($5.28) and last traded at GBX 404 ($5.43). 287,191 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 214,397 shares. The stock had previously closed at GBX 409.50 ($5.50).

Thungela Resources Price Performance

The company’s 50 day moving average is GBX 371.12 and its 200 day moving average is GBX 443.59. The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of £12.74 billion, a price-to-earnings ratio of 3.90 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.