Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 7,200 shares, a drop of 25.0% from the November 15th total of 9,600 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 1.0 days.

Thungela Resources Price Performance

Shares of OTCMKTS:TNGRF opened at $7.05 on Friday. The company has a 50-day moving average price of $7.12 and a 200 day moving average price of $6.71. Thungela Resources has a 12 month low of $5.35 and a 12 month high of $9.00.

About Thungela Resources

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.