Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,400 shares, a drop of 91.1% from the September 15th total of 15,800 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 0.4 days.

Thungela Resources Trading Up 1.8 %

Shares of OTCMKTS TNGRF traded up $0.12 during midday trading on Friday, reaching $7.07. 2,752 shares of the stock were exchanged, compared to its average volume of 3,295. The business has a 50-day simple moving average of $6.45 and a two-hundred day simple moving average of $6.72. Thungela Resources has a 12 month low of $5.35 and a 12 month high of $10.39.

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.