Thungela Resources (LON:TGA) Stock Price Up 4.9% – Should You Buy?

by · The Cerbat Gem

Thungela Resources Limited (LON:TGA – Get Free Report) shares shot up 4.9% on Friday . The company traded as high as GBX 578.50 ($7.29) and last traded at GBX 565.72 ($7.13). 98,549 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 176,207 shares. The stock had previously closed at GBX 539.50 ($6.80).

Thungela Resources Stock Up 5.8 %

The stock has a 50 day moving average price of GBX 511.47 and a 200 day moving average price of GBX 518.81. The company has a market cap of £759.54 million, a P/E ratio of 543.81 and a beta of -0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89.

Thungela Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 19th were given a GBX 8.60 ($0.11) dividend. The ex-dividend date was Thursday, September 19th. This represents a yield of 1.6%. Thungela Resources’s dividend payout ratio (DPR) is 1,619.05%.

About Thungela Resources

(Get Free Report)

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.

Recommended Stories