Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Declines By 25.0%

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 7,200 shares, a decline of 25.0% from the November 15th total of 9,600 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is presently 1.0 days.

Thungela Resources Stock Performance

OTCMKTS TNGRF opened at $7.05 on Friday. Thungela Resources has a 52 week low of $5.35 and a 52 week high of $9.00. The company has a 50 day moving average price of $7.12 and a 200 day moving average price of $6.70.

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.