Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 6,400 shares, a drop of 41.8% from the March 31st total of 11,000 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.9 days.

Thungela Resources Price Performance

Shares of TNGRF stock traded up $0.07 during trading hours on Friday, reaching $6.90. The company had a trading volume of 200 shares, compared to its average volume of 3,988. Thungela Resources has a 12-month low of $5.35 and a 12-month high of $10.39. The stock has a fifty day moving average of $6.45 and a 200-day moving average of $7.47.

Thungela Resources Company Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.