Thungela Resources Limited (OTCMKTS:TNGRF) Sees Significant Decline in Short Interest

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 6,400 shares, a drop of 41.8% from the March 31st total of 11,000 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.9 days.

Thungela Resources Trading Up 1.0 %

TNGRF stock opened at $6.83 on Friday. Thungela Resources has a 1 year low of $5.35 and a 1 year high of $10.39. The stock has a 50-day simple moving average of $6.43 and a 200-day simple moving average of $7.49.

About Thungela Resources

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.