African Stock Exchanges

TGA - Thungela Resources Ltd

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TGA share price on Johannesburg Stock ExchangeTGA share price on Johannesburg Stock Exchange

Thungela Resources Limited is a leading South African coal mining company focused exclusively on thermal coal production. As one of the largest pure-play producers and exporters of thermal coal in the country, based on aggregate coal reserves and marketable coal production, Thungela offers investors access to a high-quality thermal coal business with low cash cost and high-margin assets. South Africa is the fourth-largest producer of thermal coal globally, serving the growing power demand from India and other countries in South Asia, and potentially also the Middle East and North Africa. Thungela Resources thus focuses on exporting its thermal coal portfolio mainly to India and other developing countries in South Asia.

Thungela Resources Ltd was formed when the South African Thermal Coal Operations demerged from Anglo American and listed on the JSE and LSE in June 2021. The company owns interests in, and produces thermal coal predominantly from, seven collieries located in Mpumalanga, South Africa, namely, the Goedehoop, Greenside, Isibonelo, Khwezela, Zibulo, Mafube, and Rietvlei collieries, which consist of both underground and opencast mines. Thungela also holds a 50% interest in Phola, which owns and operates the Phola Coal Processing Plant, and a 23.22% indirect interest in Richards Bay Coal Terminal, one of the world’s leading coal export terminals, with an advanced 24-hour operation and a design capacity of 91 Mtpa.

Thungela Resources Ltd is listed on the Johannesburg Stock Exchange (JSE) since June 7th, 2021. Thungela Resources is traded on the JSE under the ticker symbol “TGA”. The International Securities Identification Number (ISIN) of JSE:TGA is ZAE000296554. Thungela Resources Ltd is currently the 66th most valuable stock on the JSE with a market capitalization of ZAR 20.8 billion, which is about 0.108% of the Johannesburg Stock Exchange equity market.

TGA147.78 ▴ 4.78 (3.34%)
Yesterday
Last Trading Results
Opening Price
Day’s Low Price144.53
Day’s High Price149.61
Traded Volume641,339
Number of Deals2,557
Gross Turnover94.9M
Growth & Valuation
Earnings Per Share34.97
Price/Earning Ratio4.23
Dividend Per Share20.00
Dividend Yield13.5%
Shares Outstanding140M
Market Capitalization20.8B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

TGA Stock Market Performance

1WK4WK3MO
+13.8%+38.8%-0.22%
6MO1YRYTD
-18.7%-24.6%-3.91%

The current share price of Thungela Resources Ltd (TGA) is ZAR 147.78. TGA closed its last trading day (Friday, April 12, 2024) at 147.78 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 3.3% gain over its previous closing price of 143.00 ZAR. Thungela Resources began the year with a share price of 153.80 ZAR but has since lost 3.91% off that price valuation, ranking it 236th on the JSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 39% increase of TGA share price since March 12th, which is 10th best on JSE.

Thungela Resources is the 100th most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 12 - Apr 12, 2024). TGA has traded a total volume of 31.6 million shares—in 139,727 deals—valued at ZAR 3.78 billion over the period, with an average of 501,557 traded shares per session. A volume high of 1.26 million was achieved on March 15th, and a low of 155,015 on February 5th, for the same period. The table below details the last 10 trading days of activity of Thungela Resources on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2024-04-12641,339147.78+4.78+3.34%
2024-04-11595,240143.00+3.20+2.29%
2024-04-101,123,468139.80+5.24+3.89%
2024-04-09462,206134.56+3.46+2.64%
2024-04-08269,073131.10+1.19+0.92%
2024-04-05585,938129.91-1.31-1.00%
2024-04-04445,835131.22+1.02+0.78%
2024-04-03563,485130.20+2.59+2.03%
2024-04-02752,786127.61+5.73+4.70%
2024-03-28759,867121.88

Profile of Thungela Resources Limited

Thungela Resources Limited was founded on January 5, 2021 and operates in the Oil & Gas sector, specifically, the Alternative Energy industry.

Factsheet of Thungela Resources Limited

Sector
Oil & Gas
Industry
Alternative Energy
Address
25 Bath Avenue, Rosebank, Johannesburg, 2196, South Africa
Telephone
+27-11-683-0237, +27-11-683-7218

TGA Industrial Market Competitors

Thungela Resources Limited, issuers of the TGA stock on the Johannesburg Stock Exchange, have two market competitors who are also engaged in the Oil & Gas sector and/or Alternative Energy industry. The table below presents an overview of their market standing.

CodeNameM. Cap.CloseYTD
RENRenergen Limited1.87B12.65-19.4%
MKRMontauk Renewables Inc11.3B80.00-53.5%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments

  1. David HerbertDavid Herbert
    Oct 13, 2021 19:09 GMT

    Why does the share price of TGA dropping in recent days.

    1. LeitoLeito
      Oct 13, 2021 20:22 GMT

      Market correction my friend... Thungela shares are currently overpriced. Expect a drop to about R60 per share...

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