Thungela Resources Limited (OTCMKTS:TNGRF – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,071 shares, a decline of 93.3% from the July 15th total of 30,954 shares. Based on an average daily volume of 9,058 shares, the short-interest ratio is presently 0.2 days.
Thungela Resources Stock Performance
Shares of TNGRF opened at $6.00 on Wednesday. The business has a 50-day simple moving average of $6.67 and a two-hundred day simple moving average of $7.72. Thungela Resources has a 52 week low of $4.25 and a 52 week high of $10.72.
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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