Thungela Resources (LON:TGA) Stock Price Down 3.8%

Thungela Resources Limited (LON:TGAGet Free Report) shares were down 3.8% during mid-day trading on Thursday . The company traded as low as GBX 579.48 ($7.37) and last traded at GBX 581 ($7.38). Approximately 191,667 shares were traded during trading, a decline of 17% from the average daily volume of 230,019 shares. The stock had previously closed at GBX 604 ($7.68).

Thungela Resources Stock Performance

The stock has a 50 day moving average of GBX 554.89 and a 200 day moving average of GBX 561.94. The company has a market capitalization of £795.39 million, a price-to-earnings ratio of 363.13 and a beta of -0.74. The company has a quick ratio of 3.53, a current ratio of 2.26 and a debt-to-equity ratio of 0.54.

Thungela Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, April 18th were paid a GBX 41.82 ($0.53) dividend. This is a positive change from Thungela Resources’s previous dividend of $41.22. This represents a dividend yield of 9.43%. The ex-dividend date of this dividend was Thursday, April 18th. Thungela Resources’s dividend payout ratio is currently 5,250.00%.

About Thungela Resources

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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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