TGA - Thungela Resources Ltd
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 68th most valuable stock on the JSE with a market capitalization of ZAR 30.6 billion, which is about 0.157% of the Johannesburg Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price||223.07|
|Day’s High Price||229.47|
|Number of Deals||341|
|Growth & Valuation|
|Earnings Per Share||66.57|
|Dividend Per Share||18.00|
TGA Stock Market Performance
The current share price of Thungela Resources Ltd (TGA) is ZAR 228.92. TGA closed its last trading day (Friday, July 1, 2022) at 224.72 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.9% drop from its previous closing price of 231.53 ZAR. Thungela Resources began the year with a share price of 84.54 ZAR and has since gained 166% on that price valuation, ranking it fourth on the JSE in terms of year-to-date performance. Investors should, however, take caution of TGA’s recent bad performance, having lost 10% of its value in the past four weeks.
Thungela Resources is the 72nd most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 30 - Jul 1, 2022). TGA has traded a total volume of 68.2 million shares—in 185,991 deals—valued at ZAR 16.1 billion over the period, with an average of 1.08 million traded shares per session. A volume high of 3.54 million was achieved on April 5th, and a low of 237,918 on June 2nd, for the same period. The table below details the last 10 trading days of activity of Thungela Resources on the Johannesburg Stock Exchange.
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
- Oil & Gas
- Alternative Energy
- 25 Bath Avenue, Rosebank, Johannesburg, 2196, South Africa
- +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 three 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.
|MKR||Montauk Renewables Inc||22.5B||156.70||-8.9%|