Thungela Resources (LON:TGA) Trades 0.5% higher

Shares in Thungela Resources Limited ( LON:TGA – Get Free Report ) were up 0.5% during trading on Monday. The company traded as high as GBX 472.12 ($6.17) and last traded at GBX 459.80 ($6.01). About 86,737 shares traded hands during trading, down 55% from the average daily volume of 190,782 shares. The stock had previously closed at GBX 457.40 ($5.98).

Thungela Resources trading up 0.5%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53, and a current ratio of 1.89. The stock has a market cap of £611.63 million, a price-to-earnings ratio of 446.41 and a beta of -0.84. The company’s 50-day simple moving average is GBX 500.50, and its two-hundred-day simple moving average is GBX 518.10.

Thungela Resources cuts dividend

The business also recently declared a dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 8.60 ($0.11). This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 19. Thungela Resources’ dividend payout ratio (DPR) is currently 1,650.49%.

Thungela Resources Company Profile

(Get a free report)

Thungela Resources Limited is engaged 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 pit mines in the Mpumalanga province of South Africa, including the Goedehoop, Greenside, Isibonelo, Khwezela, Zibulo, Mafube and Rietvlei ore. coal mine.

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