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

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large drop in short interest in 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 daily trading volume, of 9,100 shares, the short-interest ratio is presently 0.9 days.

Thungela Resources Stock Performance

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

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.