Thungela Resources Limited (OTCMKTS:TNGRF) Sees Significant Drop in Short Interest

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 8,100 shares, a drop of 56.2% from the May 31st total of 18,500 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 0.9 days.

Thungela Resources Trading Down 0.8 %

TNGRF stock traded down $0.05 during mid-day trading on Friday, hitting $6.25. 1,485 shares of the company were exchanged, compared to its average volume of 3,972. The business has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.91. Thungela Resources has a 1-year low of $5.35 and a 1-year high of $10.39.

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.