Shares of Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) dropped 1.6% on Monday . The company traded as low as $7.05 and last traded at $7.05. Approximately 631 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 966 shares. The stock had previously closed at $7.17.
Thungela Resources Price Performance
The stock has a 50 day simple moving average of $7.01 and a two-hundred day simple moving average of $6.79.
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.
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