Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 457.1% in October

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 7,800 shares, a growth of 457.1% from the September 30th total of 1,400 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 1.2 days.

Thungela Resources Trading Up 0.4 %

Shares of OTCMKTS:TNGRF traded up $0.03 during trading on Friday, reaching $7.35. 3,072 shares of the stock were exchanged, compared to its average volume of 3,368. Thungela Resources has a 12 month low of $5.35 and a 12 month high of $9.70. The stock has a 50-day moving average price of $6.54 and a 200-day moving average price of $6.73.

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.