Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report)’s stock price traded down 1.2% during trading on Tuesday . The company traded as low as $8.99 and last traded at $8.99. 1,805 shares were traded during mid-day trading, a decline of 89% from the average session volume of 16,525 shares. The stock had previously closed at $9.10.
Thungela Resources Trading Up 5.1%
The firm’s fifty day moving average is $8.88 and its 200-day moving average is $7.39.
Thungela Resources Company Profile
Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.
Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.
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