Thungela Resources (OTCMKTS:TNGRF) Stock Price Up 3.2% – What’s Next?
by Michael Walen · The Markets DailyThungela Resources Limited (OTCMKTS:TNGRF – Get Free Report)’s stock price traded up 3.2% during trading on Wednesday . The company traded as high as $5.25 and last traded at $5.09. 1,450 shares traded hands during trading, a decline of 75% from the average session volume of 5,766 shares. The stock had previously closed at $4.93.
Thungela Resources Stock Performance
The firm has a 50-day moving average of $5.89 and a 200 day moving average of $6.65.
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.
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