Thungela Resources (LON:TGA) Reaches New 12-Month High at $1,913.00

Thungela Resources Limited (LON:TGAGet Rating) reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,913 ($23.12) and last traded at GBX 1,877 ($22.68), with a volume of 236150 shares. The stock had previously closed at GBX 1,822 ($22.02).

Analyst Ratings Changes

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

Thungela Resources Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.53 and a current ratio of 3.97. The company’s 50 day moving average is GBX 1,541.74 and its 200 day moving average is GBX 1,292.88. The stock has a market capitalization of £2.54 billion and a price-to-earnings ratio of 308.79.

Thungela Resources Increases Dividend

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

Insider Buying and Selling at Thungela Resources

In other Thungela Resources news, insider Gideon Frederick sold 30,000 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of GBX 380 ($4.59), for a total value of £114,000 ($137,747.70).

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.

Further Reading

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