Thor Explorations (CVE:THX) Hits New 52-Week High - Should You Buy?

Thor Explorations Ltd. (CVE:THX - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$0.81 and last traded at C$0.79, with a volume of 267574 shares traded. The stock had previously closed at C$0.80.

Thor Explorations Price Performance

The firm has a market cap of C$359.68 million, a PE ratio of 6.59 and a beta of 1.48. The stock has a 50 day simple moving average of C$0.67 and a two-hundred day simple moving average of C$0.48. The company has a debt-to-equity ratio of 7.77, a quick ratio of 0.04 and a current ratio of 0.58.

Insider Buying and Selling

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

About Thor Explorations

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.