Shares of Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) rose 6.3% during mid-day trading on Thursday . The stock traded as high as $6.64 and last traded at $6.4870. 10,074 shares changed hands during trading, a decline of 27% from the average daily volume of 13,755 shares. The stock had previously closed at $6.10.
Thungela Resources Trading Up 6.3%
The stock has a 50-day moving average price of $7.27 and a 200 day moving average price of $7.75.
Thungela Resources Company Profile
Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.
Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.
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