Thungela Resources Limited (LON:TGA) Insider Gideon Frederick Sells 30,000 Shares

Thungela Resources Limited (LON:TGAGet Rating) insider Gideon Frederick sold 30,000 shares of Thungela Resources stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of GBX 380 ($4.59), for a total transaction of £114,000 ($137,747.70).

Gideon Frederick also recently made the following trade(s):

  • On Tuesday, September 20th, Gideon Frederick sold 26,515 shares of Thungela Resources stock. The shares were sold at an average price of GBX 377 ($4.56), for a total transaction of £99,961.55 ($120,784.86).

Thungela Resources Stock Performance

Shares of TGA opened at GBX 1,896 ($22.91) on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.53 and a current ratio of 3.97. Thungela Resources Limited has a twelve month low of GBX 267.05 ($3.23) and a twelve month high of GBX 1,932 ($23.34). The firm’s 50 day moving average price is GBX 1,541.74 and its two-hundred day moving average price is GBX 1,292.88. The firm has a market cap of £2.53 billion and a P/E ratio of 296.74.

Thungela Resources Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 22nd will be issued a GBX 300.02 ($3.63) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This is an increase from Thungela Resources’s previous dividend of $91.53. This represents a dividend yield of 21.32%. Thungela Resources’s dividend payout ratio (DPR) is 300.11%.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating and issued a GBX 1,800 ($21.75) price target on shares of Thungela Resources in a research note on Wednesday, September 14th.

Thungela Resources Company Profile

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Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company owns interests in and produces its thermal coal from seven mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.

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