Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,400 shares, a decline of 41.8% from the March 31st total of 11,000 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 0.9 days.

Thungela Resources Stock Performance

Shares of TNGRF traded up $0.07 on Friday, reaching $6.90. The company’s stock had a trading volume of 200 shares, compared to its average volume of 3,988. The stock’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $7.47. Thungela Resources has a 12-month low of $5.35 and a 12-month high of $10.39.

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.