Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Down 37.7% in November

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 9,600 shares, a decrease of 37.7% from the October 31st total of 15,400 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 2.0 days.

Thungela Resources Price Performance

TNGRF stock traded down $0.38 during midday trading on Thursday, reaching $6.90. The stock had a trading volume of 14,336 shares, compared to its average volume of 3,370. Thungela Resources has a twelve month low of $5.35 and a twelve month high of $9.00. The business has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $6.74.

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.