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.

TGA62.53 ▴ 0.68 (1.1%)
2 minutes ago
Live Trading Feed
Opening Price
Day’s Low Price61.92
Day’s High Price63.90
Traded Volume325,430
Number of Deals633
Gross Turnover20.4M
Growth & Valuation
Earnings Per Share6.10
Price/Earning Ratio10.14
Dividend Per Share
Dividend Yield
Shares Outstanding136M
Market Capitalization8.43B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

TGA Stock Market Performance

1WK4WK3MO
-4.79%+13.5%+68.9%
6MO1YRYTD
+182%+182%+182%

The current share price of Thungela Resources Ltd (TGA) is ZAR 62.53. TGA closed its last trading day (Monday, September 20, 2021) at 61.85 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 5.9% drop from its previous closing price of 65.71 ZAR. Thungela Resources closed its IPO day (June 7, 2021) with a share price of 21.90 ZAR and has since gained 182% on that price valuation, ranking it sixth on the JSE in terms of year-to-date performance. Shareholders can be optimistic about TGA knowing the stock has accrued 14% over the past four-week period—38th best on JSE.

Thungela Resources is the 82nd most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 23 - Sep 20, 2021). TGA has traded a total volume of 62.6 million shares—in 88,495 deals—valued at ZAR 3.03 billion over the period, with an average of 993,296 traded shares per session. A volume high of 3.09 million was achieved on June 23rd, and a low of 186,699 on August 23rd, for the same period. The table below details the last 10 trading days of activity of Thungela Resources on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2021-09-201,681,63861.85-3.86-5.87%
2021-09-171,954,77765.71-2.55-3.74%
2021-09-16552,68768.26-0.39-0.57%
2021-09-15479,21568.65+2.84+4.32%
2021-09-14328,18665.81+0.85+1.31%
2021-09-13953,61264.96+3.30+5.35%
2021-09-101,088,96261.66+0.86+1.41%
2021-09-091,852,15160.80+1.21+2.03%
2021-09-081,818,48659.59-1.91-3.11%
2021-09-071,488,40261.50

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
Email:
ryan.africa@thungela.com
Website:
www.thungela.com

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.

CodeNameM. Cap.CloseYTD
RENRenergen Limited2.59B20.95+68.3%
MKRMontauk Renewables Inc23.7B165.23+3.92%
OAOOando Plc3.11B0.25+25%

Index of African Stock Exchanges:

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

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