Thungela Resources (LON:TGA) Stock Price Down 0.5% - Should You Sell?

Thungela Resources Limited (LON:TGA - Get Free Report)'s stock price traded down 0.5% during trading on Wednesday . The stock traded as low as GBX 534.80 ($6.73) and last traded at GBX 540 ($6.80). 60,437 shares were traded during mid-day trading, a decline of 56% from the average session volume of 138,530 shares. The stock had previously closed at GBX 542.50 ($6.83).

Thungela Resources Stock Performance

The stock has a market capitalization of £16.55 billion, a price-to-earnings ratio of 5.06 and a beta of -0.87. The company's fifty day simple moving average is GBX 562.92 and its 200 day simple moving average is GBX 535.50. The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51.

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.