Thungela Resources (LON:TGA) Reaches New 52-Week Low at $594.60

Thungela Resources Limited (LON:TGA – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 594.60 ($7.40) and last traded at GBX 598.20 ($7.44), with a volume of 269241 shares traded. The stock had previously closed at GBX 641 ($7.97).

Thungela Resources Stock Performance

The firm has a market capitalization of £823.23 million and a P/E ratio of 114.49. The company has a current ratio of 4.45, a quick ratio of 3.53 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of GBX 786.14 and a 200-day moving average of GBX 1,038.55.

Thungela Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 9th. Investors of record on Thursday, April 20th were given a dividend of GBX 178.28 ($2.22) per share. This represents a yield of 20.26%. The ex-dividend date of this dividend was Thursday, April 20th. Thungela Resources’s dividend payout ratio is currently 11,067.96%.

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.