Thungela Resources (LON:TGA) Trading 7% Higher – Still a Buy?

Thungela Resources Limited (LON:TGA)’s share price traded up 7% on Tuesday . The stock traded as high as GBX 575 ($7.19) and last traded at GBX 567.50 ($7.10). 107,009 shares changed hands during trading, a decline of 37% from the average session volume of 170,798 shares. The stock had previously closed at GBX 530.50 ($6.64).

Thungela Resources Stock Performance

The firm has a market capitalization of £758.21 million, a P/E ratio of 542.86 and a beta of -0.87. The company has a 50-day simple moving average of GBX 561.29 and a two-hundred day simple moving average of GBX 518.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89.

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.