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

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,800 shares, an increase of 457.1% from the September 30th total of 1,400 shares. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is currently 1.2 days.

Thungela Resources Trading Up 0.4 %

OTCMKTS TNGRF traded up $0.03 on Friday, reaching $7.35. The company had a trading volume of 3,072 shares, compared to its average volume of 3,368. The company’s fifty day moving average is $6.54 and its 200 day moving average is $6.73. Thungela Resources has a 52-week low of $5.35 and a 52-week high of $9.70.

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.