Thungela Resources (LON:TGA) Hits New 52-Week High – What’s Next?

Thungela Resources Limited (LON:TGA) shares hit a new 52-week high on Monday . The company traded as high as GBX 735 and last traded at GBX 724, with a volume of 34555883 shares trading hands. The stock had previously closed at GBX 696.

Thungela Resources Stock Up 0.5%

The business’s 50 day moving average price is GBX 498.42 and its 200-day moving average price is GBX 419.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.53 and a current ratio of 1.88. The firm has a market capitalization of £878.51 million, a PE ratio of 0.36 and a beta of -0.87.

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. It also holds 85% of the Ensham Mine located in Queensland, Australia.