Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Down 56.2% in June

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 8,100 shares, a decrease of 56.2% from the May 31st total of 18,500 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is currently 0.9 days.

Thungela Resources Stock Up 0.2 %

Shares of TNGRF opened at $6.30 on Friday. The business’s 50-day moving average is $6.98 and its two-hundred day moving average is $6.92. Thungela Resources has a fifty-two week low of $5.35 and a fifty-two week high of $10.39.

Thungela Resources Company Profile

Thungela Resources Limited engages 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 cast mines in the Mpumalanga province of South Africa, including including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.