Thungela Resources (LON:TGA) Stock Price Up 4.9% – Should You Buy?

Thungela Resources Limited (LON:TGA)’s share price shot up 4.9% on Friday . The company traded as high as GBX 578.50 ($7.29) and last traded at GBX 565.72 ($7.13). 98,549 shares were traded during mid-day trading, a decline of 44% from the average session volume of 176,207 shares. The stock had previously closed at GBX 539.50 ($6.80).

Thungela Resources Price Performance

The business’s fifty day simple moving average is GBX 511.47 and its 200-day simple moving average is GBX 518.81. The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of £759.54 million, a P/E ratio of 538.78 and a beta of -0.87.

Thungela Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 19th were paid a dividend of GBX 8.60 ($0.11) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 1.6%. 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.