Thungela Resources (LON:TGA) Trading Down 14.9% – Should You Sell?
by Scott Moore · The Cerbat GemThungela Resources Limited (LON:TGA – Get Free Report) shares fell 14.9% during trading on Friday . The company traded as low as GBX 570 and last traded at GBX 579. 416,792 shares changed hands during trading, a decline of 44% from the average session volume of 738,773 shares. The stock had previously closed at GBX 680.
Thungela Resources Trading Down 17.9%
The business’s 50-day moving average price is GBX 641.72 and its two-hundred day moving average price is GBX 483.16. The company has a market capitalization of £707.45 million, a P/E ratio of -0.10 and a beta of -0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.73 and a quick ratio of 3.53.
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. It also holds 85% of the Ensham Mine located in Queensland, Australia.