Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 119,500 shares, a growth of 939.1% from the January 31st total of 11,500 shares. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is currently 8.4 days.

Thungela Resources Trading Down 0.6 %

Thungela Resources stock opened at $6.00 on Friday. Thungela Resources has a 12 month low of $5.35 and a 12 month high of $7.94. The stock has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $6.83.

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.