Thungela Resources Ltd 33.8% potential upside indicated by Liberum Capital

Thungela Resources Ltd with ticker (LON:TGA) now has a potential upside of 33.8% according to Liberum Capital.



Liberum Capital set a target price of 480 GBX for the company, which when compared to the Thungela Resources Ltd share price of 318 GBX at opening today (08/11/2021) indicates a potential upside of 33.8%. Trading has ranged between 110 (52 week low) and 498 (52 week high) with an average of 2,380,538 shares exchanging hands daily. The market capitalisation at the time of writing is £8,948,869,670.

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 34,860 acres; West Bakr, covering over 11,600 acres; North West (NW) Gharib, covering approximately 162,000 acres; South East (SE) Gharib, which covers over 125,650 acres, and South West (SW) Gharib, covering approximately 48,310 acres. Its blocks in the Western Desert Egypt include South Alamein, covering approximately 335,830 acres; South Ghazalat, covering over 465,300 acres, and North West (NW) Sitra, covering approximately 480,850 acres.