Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Down 90.3% in February

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 11,600 shares, a drop of 90.3% from the February 13th total of 119,500 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.9 days.

Thungela Resources Stock Performance

Shares of TNGRF opened at $6.10 on Thursday. Thungela Resources has a twelve month low of $5.60 and a twelve month high of $7.94. The company has a 50 day moving average of $6.75 and a two-hundred day moving average of $6.80.

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.