Thungela Resources (LON:TGA) Trading Down 3.8% – Should You Sell?

Thungela Resources Limited (LON:TGA)’s stock price traded down 3.8% on Tuesday . The stock traded as low as GBX 474.52 and last traded at GBX 478. 342,333 shares changed hands during trading, a decline of 2% from the average session volume of 349,909 shares. The stock had previously closed at GBX 497.

Thungela Resources Stock Down 3.8%

The company has a market cap of £614.58 million, a P/E ratio of 0.25 and a beta of -0.87. The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average price is GBX 399.23 and its 200-day moving average price is GBX 386.13.

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. It also holds 85% of the Ensham Mine located in Queensland, Australia.