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

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant decrease in short interest during 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 daily volume of 4,800 shares, the short-interest ratio is presently 2.0 days.

Thungela Resources Trading Down 5.2 %

Shares of TNGRF opened at $6.90 on Friday. Thungela Resources has a fifty-two week low of $5.35 and a fifty-two week high of $9.00. The company’s fifty day moving average is $6.96 and its two-hundred day moving average is $6.75.

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.