Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Rises By 2,971.6%

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 356,300 shares, a growth of 2,971.6% from the February 28th total of 11,600 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 132.0 days.

Thungela Resources Trading Up 1.3 %

Shares of TNGRF traded up $0.08 during mid-day trading on Wednesday, reaching $5.84. The company’s stock had a trading volume of 280 shares, compared to its average volume of 6,697. Thungela Resources has a 12-month low of $5.60 and a 12-month high of $7.94. The company’s 50 day moving average is $6.60 and its 200 day moving average is $6.78.

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.