Thungela Resources (LON:TGA) Stock Price Down 1.8% – Should You Sell?

Thungela Resources Limited (LON:TGA)’s stock price dropped 1.8% during mid-day trading on Wednesday . The company traded as low as GBX 540 ($7.01) and last traded at GBX 540 ($7.01). Approximately 157,995 shares traded hands during trading, a decline of 13% from the average daily volume of 180,805 shares. The stock had previously closed at GBX 550 ($7.14).

Thungela Resources Stock Performance

The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of £738.26 million, a price-to-earnings ratio of 535.51 and a beta of -0.87. The stock’s 50 day moving average is GBX 493.61 and its two-hundred day moving average is GBX 521.14.

Thungela Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 19th were given a dividend of GBX 8.60 ($0.11) per share. This represents a yield of 1.6%. The ex-dividend date was Thursday, September 19th. Thungela Resources’s payout ratio is 1,619.05%.

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.