Thungela Resources (OTCMKTS:TNGRF) Shares Down 1.6% – What’s Next?

Thungela Resources Limited (OTCMKTS:TNGRF)’s share price traded down 1.6% during mid-day trading on Monday . The stock traded as low as $7.05 and last traded at $7.05. 631 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 966 shares. The stock had previously closed at $7.17.

Thungela Resources Stock Down 1.6 %

The firm has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $6.79.

About Thungela Resources

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.