Thungela Resources (LON:TGA) Stock Price Up 10.3% – Should You Buy?

Thungela Resources Limited (LON:TGA) shares were up 10.3% on Friday . The stock traded as high as GBX 818 and last traded at GBX 810.66. Approximately 11,055,667 shares were traded during trading, an increase of 1,810% from the average daily volume of 578,902 shares. The stock had previously closed at GBX 735.

Thungela Resources Stock Performance

The company has a market capitalization of £1.02 billion, a P/E ratio of 0.42 and a beta of -0.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.53 and a current ratio of 1.88. The business’s fifty day simple moving average is GBX 545.75 and its 200-day simple moving average is GBX 438.50.

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.