Thor Explorations (CVE:THX) Hits New 1-Year High - Still a Buy?

Key Points

• Thor Explorations Ltd. reached a new 52-week high, trading at C$0.96 with a market cap of C$443.76 million.
• The company's debt-to-equity ratio stands at 7.77, indicating a high level of leverage.
• Senior Officer Christopher Omo-Osagie purchased 200,000 shares at C$0.39, reflecting insider confidence in the company's prospects.

Thor Explorations Ltd. (CVE:THX - )'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.96 and last traded at C$0.94, with a volume of 567358 shares traded. The stock had previously closed at C$0.94.

Thor Explorations Trading Up 1.1%

The company's 50 day simple moving average is C$0.79 and its 200 day simple moving average is C$0.62. The firm has a market cap of C$443.76 million, a price-to-earnings ratio of 8.13 and a beta of 1.48. The company has a debt-to-equity ratio of 7.77, a current ratio of 0.58 and a quick ratio of 0.04.

Insider Activity at Thor Explorations

In other Thor Explorations news, Senior Officer Christopher Omo-Osagie purchased 200,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of C$0.39 per share, for a total transaction of C$77,000.00. 12.12% of the stock is currently owned by company insiders.

Thor Explorations Company Profile

Thor Explorations Ltd., together with its subsidiaries, operates as a gold producer and explorer. The company also explores for silver deposits. Its flagship property is the Segilola Gold Project in Nigeria. The company was incorporated in 1968 and is based in Vancouver, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.