Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) shares dropped 1% on Friday . The stock traded as low as $7.07 and last traded at $7.07. Approximately 4,827 shares traded hands during trading, a decline of 35% from the average daily volume of 7,431 shares. The stock had previously closed at $7.14.
Thungela Resources Trading Down 1.0%
The company has a 50 day simple moving average of $6.25 and a 200 day simple moving average of $5.46.
Thungela Resources Company Profile
Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.
Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.
Further Reading
- Five stocks we like better than Thungela Resources
- ALERT: Drop these 5 stocks before January 2026!
- Think You Missed Silver? You’re Wrong. Here’s Why.
- Buy This Stock Now
- The Next Commodity Crunch (bigger than oil?)
- Silicon Valley insiders hint at 12-month AI warning
Receive News & Ratings for Thungela Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thungela Resources and related companies with MarketBeat.com's FREE daily email newsletter.
