Thungela Resources (LON:TGA) Reaches New 52-Week Low - Should You Sell?

Thungela Resources Limited (LON:TGA - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 427.65 ($5.60) and last traded at GBX 429.98 ($5.63), with a volume of 190449 shares trading hands. The stock had previously closed at GBX 450.20 ($5.90).

Thungela Resources Stock Down 1.3 %

The firm's fifty day simple moving average is GBX 501.75 and its 200-day simple moving average is GBX 529.26. The company has a market cap of £12.42 billion, a PE ratio of 3.80 and a beta of -0.87. The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51.

Thungela Resources Increases Dividend

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

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.