Thungela Resources (LON:TGA) Stock Price Up 1.5% – Should You Buy?

Thungela Resources Limited (LON:TGA)’s stock price was up 1.5% during trading on Wednesday . The company traded as high as GBX 470.50 and last traded at GBX 470. Approximately 1,856,069 shares changed hands during mid-day trading, an increase of 496% from the average daily volume of 311,338 shares. The stock had previously closed at GBX 463.

Thungela Resources Price Performance

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 company has a 50 day simple moving average of GBX 437.89 and a 200-day simple moving average of GBX 395.55. The stock has a market cap of £604.29 million, a price-to-earnings ratio of 0.25 and a beta of -0.87.

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.