Thungela Resources (LON:TGA) Shares Up 2.7%

Thungela Resources Limited (LON:TGA) shares shot up 2.7% during mid-day trading on Tuesday . The stock traded as high as GBX 488.20 ($6.53) and last traded at GBX 484.40 ($6.48). 114,913 shares changed hands during trading, a decline of 37% from the average session volume of 183,120 shares. The stock had previously closed at GBX 471.80 ($6.31).

Thungela Resources Trading Up 2.7 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 3.53. The firm’s fifty day moving average price is GBX 491.09 and its 200-day moving average price is GBX 519.70. The company has a market cap of £644.35 million, a price-to-earnings ratio of 465.77 and a beta of -0.84.

Thungela Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, September 19th will be given a GBX 8.60 ($0.12) dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 19th. Thungela Resources’s dividend payout ratio (DPR) is 1,634.62%.

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.