Thungela Resources Limited (OTCMKTS:TNGRF) Sees Large Increase in Short Interest

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 119,500 shares, a growth of 939.1% from the January 31st total of 11,500 shares. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is presently 8.4 days.

Thungela Resources Stock Performance

OTCMKTS:TNGRF traded up $0.05 during trading hours on Thursday, reaching $6.25. The company’s stock had a trading volume of 108,480 shares, compared to its average volume of 9,407. The stock has a 50 day moving average price of $6.90 and a two-hundred day moving average price of $6.84. Thungela Resources has a 12 month low of $5.35 and a 12 month high of $7.94.

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.