Thungela Resources (LON:TGA) Trading 1.3% Higher

Thungela Resources Limited (LON:TGA)’s share price was up 1.3% on Friday . The company traded as high as GBX 679.40 ($8.34) and last traded at GBX 662.40 ($8.13). Approximately 284,000 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 339,846 shares. The stock had previously closed at GBX 653.80 ($8.03).

Thungela Resources Price Performance

The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is GBX 721.39 and its 200-day moving average price is GBX 648.19. The stock has a market capitalization of £906.83 million, a PE ratio of 187.12 and a beta of -0.71.

Thungela Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 9th. Shareholders of record on Thursday, September 21st were given a dividend of GBX 41.22 ($0.51) per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a yield of 7.48%. Thungela Resources’s dividend payout ratio (DPR) is presently 6,214.69%.

Thungela Resources Company Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from 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.