Thungela Resources Limited ( (GB:TGA) ) just unveiled an announcement.
Thungela Resources Limited has announced the repurchase of 4,320,127 ordinary shares, representing 3.1% of its issued share capital, as part of a general authority granted by shareholders. The repurchase, conducted through the JSE’s order book, was funded from available cash resources and has not materially impacted the company’s financial information, although it decreased cash balances by R475,595,813. The board assures that the company remains financially stable, with adequate assets, liabilities, share capital, and working capital for ordinary business operations.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in the Republic of South Africa, primarily engaged in the mining industry. The company is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE), focusing on coal production and related activities.
YTD Price Performance: -24.92%
Average Trading Volume: 179,688
Technical Sentiment Signal: Buy
Current Market Cap: £529.2M
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