Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Down 90.3% in February

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 11,600 shares, a decline of 90.3% from the February 13th total of 119,500 shares. Based on an average daily volume of 13,500 shares, the short-interest ratio is currently 0.9 days.

Thungela Resources Price Performance

TNGRF stock opened at $6.10 on Thursday. Thungela Resources has a 52 week low of $5.60 and a 52 week high of $7.94. The firm has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.80.

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.