Thor Explorations (CVE:THX) Reaches New 12-Month High - Still a Buy?

Key Points

• Thor Explorations Ltd. reached a new 12-month high, trading at C$0.93, up from a previous close of C$0.91, with a total trading volume of 455,710 shares.
• The company has a market capitalization of C$420.40 million and a P/E ratio of 7.71, indicating a relatively undervalued position in the market.
• Recently, Senior Officer Christopher Omo-Osagie purchased 200,000 shares at C$0.39 each, demonstrating confidence in the company's future performance.

Thor Explorations Ltd. (CVE:THX - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$0.93 and last traded at C$0.92, with a volume of 455710 shares. The stock had previously closed at C$0.91.

Thor Explorations Stock Performance

The company has a debt-to-equity ratio of 7.77, a current ratio of 0.58 and a quick ratio of 0.04. The firm has a market capitalization of C$439.09 million, a P/E ratio of 8.05 and a beta of 1.48. The stock's 50 day moving average is C$0.79 and its two-hundred day moving average is C$0.62.

Insider Activity

In related news, Senior Officer Christopher Omo-Osagie purchased 200,000 shares of Thor Explorations stock in a transaction dated Friday, June 6th. The shares were acquired 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.

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.