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)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.93 and last traded at C$0.92, with a volume of 455710 shares trading hands. The stock had previously closed at C$0.91.

Thor Explorations Stock Performance

The stock has a market capitalization of C$439.09 million, a PE ratio of 8.05 and a beta of 1.48. The stock has a fifty day moving average of C$0.79 and a 200-day moving average of C$0.62. The company has a quick ratio of 0.04, a current ratio of 0.58 and a debt-to-equity ratio of 7.77.

Insider Transactions at Thor Explorations

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