Thungela Resources (LON:TGA) Sets New 1-Year Low – What’s Next?

Shares of Thungela Resources Limited (LON:TGA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 366 ($4.72) and last traded at GBX 378.50 ($4.88), with a volume of 147265 shares traded. The stock had previously closed at GBX 394 ($5.08).

Thungela Resources Trading Down 5.1 %

The stock has a market cap of £11.79 billion, a PE ratio of 3.61 and a beta of -0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89. The company has a 50 day moving average of GBX 498.22 and a two-hundred day moving average of GBX 528.81.

Thungela Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 46.48 ($0.60) per share. This represents a dividend yield of 9.41%. This is an increase from Thungela Resources’s previous dividend of $8.60. The ex-dividend date of this dividend is Thursday, April 24th. Thungela Resources’s dividend payout ratio is presently 16.40%.

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.