Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 82.8% in January

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 11,700 shares, a growth of 82.8% from the December 31st total of 6,400 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 19.5 days.

Thungela Resources Stock Up 2.7 %

OTCMKTS:TNGRF traded up $0.19 on Friday, reaching $7.25. 1,544 shares of the company’s stock were exchanged, compared to its average volume of 1,117. The business has a fifty day moving average of $6.98 and a 200-day moving average of $6.81. Thungela Resources has a 52-week low of $5.35 and a 52-week high of $7.94.

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.