Thungela Resources (LON:TGA) Reaches New 1-Year Low - What's Next?

Thungela Resources Limited (LON:TGA - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as GBX 366 ($4.79) and last traded at GBX 378.50 ($4.95), with a volume of 147265 shares traded. The stock had previously closed at GBX 394 ($5.16).

Thungela Resources Price Performance

The stock's 50-day moving average is GBX 470.61 and its two-hundred day moving average is GBX 524.18. The company has a market capitalization of £11.95 billion, a PE ratio of 3.66 and a beta of -0.87. The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51.

Thungela Resources Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, April 24th will be issued a GBX 46.48 ($0.61) dividend. This represents a dividend yield of 9.41%. This is an increase from Thungela Resources's previous dividend of $8.60. The ex-dividend date of this dividend is Thursday, April 24th. Thungela Resources's dividend payout ratio is presently 16.40%.

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.