Thungela Resources (LON:TGA) Shares Up 2.7%

Thungela Resources Limited (LON:TGA - Get Free Report)'s stock price shot up 2.7% on Tuesday . The stock traded as high as GBX 488.20 ($6.53) and last traded at GBX 484.40 ($6.48). 114,913 shares traded hands during trading, a decline of 37% from the average session volume of 183,120 shares. The stock had previously closed at GBX 471.80 ($6.31).

Thungela Resources Stock Down 0.9 %

The company has a fifty day moving average of GBX 491.09 and a two-hundred day moving average of GBX 519.70. The company has a market cap of £638.50 million, a PE ratio of 465.77 and a beta of -0.84. 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 company also recently declared a dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 8.60 ($0.12) per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 19th. Thungela Resources's payout ratio is 1,634.62%.

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.