Thungela Resources (LON:TGA) Stock Price Up 4.9% - Here's Why

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

Thungela Resources Stock Up 5.8 %

The firm has a market cap of £759.54 million, a price-to-earnings ratio of 543.81 and a beta of -0.87. The firm's fifty day moving average is GBX 511.47 and its two-hundred day moving average is GBX 518.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 3.53.

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 issued a GBX 8.60 ($0.11) dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 19th. Thungela Resources's payout ratio is 1,619.05%.

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.