Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) shot up 4.3% on Monday . The company traded as high as $5.09 and last traded at $5.09. 1,067 shares were traded during mid-day trading, a decline of 80% from the average session volume of 5,386 shares. The stock had previously closed at $4.88.
Thungela Resources Trading Up 4.3%
The stock’s 50-day simple moving average is $5.48 and its 200 day simple moving average is $6.44.
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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