Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Grows By 120.0%

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 11,000 shares, an increase of 120.0% from the March 15th total of 5,000 shares. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 0.9 days.

Thungela Resources Trading Up 2.1 %

Shares of Thungela Resources stock traded up $0.16 on Friday, reaching $7.76. 580 shares of the stock were exchanged, compared to its average volume of 4,269. Thungela Resources has a twelve month low of $5.35 and a twelve month high of $11.78. The business has a 50 day moving average price of $6.26 and a two-hundred day moving average price of $7.60.

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.