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JP Morgan Increases Stake in Thungela Resources

Story Highlights
  • Thungela Resources is a South African coal mining company listed on JSE and LSE.
  • JP Morgan Chase & Co now holds 6.63% of Thungela’s shares, indicating increased influence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JP Morgan Increases Stake in Thungela Resources

Confident Investing Starts Here:

Thungela Resources Limited ( (GB:TGA) ) has shared an update.

Thungela Resources Limited announced a significant change in its shareholding structure, as JP Morgan Chase & Co has increased its stake to 6.63% of the company’s issued ordinary shares. This development highlights JP Morgan’s growing interest and influence in Thungela, potentially impacting the company’s strategic decisions and market positioning.

More about Thungela Resources Limited

Thungela Resources Limited is a company incorporated in South Africa, primarily involved in the mining industry. It is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE), with a focus on coal production and related resources.

Average Trading Volume: 229,476

Technical Sentiment Signal: Sell

Current Market Cap: £537.8M

See more data about TGA stock on TipRanks’ Stock Analysis page.

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