Thungela Resources (LON:TGA) Stock Price Up 2.2% - What's Next?

Thungela Resources Limited (LON:TGA - Get Free Report)'s share price rose 2.2% during mid-day trading on Wednesday . The stock traded as high as GBX 501 ($6.47) and last traded at GBX 484 ($6.25). Approximately 117,426 shares were traded during trading, a decline of 8% from the average daily volume of 127,134 shares. The stock had previously closed at GBX 473.40 ($6.12).

Thungela Resources Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89. The stock has a market capitalization of £14.82 billion, a price-to-earnings ratio of 4.53 and a beta of -0.87. The company has a 50-day moving average of GBX 542.20 and a 200-day moving average of GBX 531.77.

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.