Thor Explorations (CVE:THX) Sets New 12-Month High - Here's What Happened

Key Points

• Thor Explorations Ltd. reached a new 52-week high of C$0.83 during trading, showing a 6.3% increase from its previous close of C$0.79.
• The company has a debt-to-equity ratio of 7.77, with a market capitalization of C$392.38 million and a price-to-earnings ratio of 7.19.
• Insider transactions reveal that Senior Officer Christopher Omo-Osagie bought 200,000 shares at an average cost of C$0.39 per share, suggesting confidence in the company's future performance.

Thor Explorations Ltd. (CVE:THX - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$0.83 and last traded at C$0.83, with a volume of 450268 shares traded. The stock had previously closed at C$0.79.

Thor Explorations Stock Performance

The company has a current ratio of 0.58, a quick ratio of 0.04 and a debt-to-equity ratio of 7.77. The stock's 50 day moving average price is C$0.77 and its two-hundred day moving average price is C$0.60. The firm has a market capitalization of C$425.07 million, a PE ratio of 7.79 and a beta of 1.48.

Insider Transactions at Thor Explorations

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 shares were purchased at an average price of C$0.39 per share, for a total transaction of C$77,000.00. Company insiders own 12.12% of the company's stock.

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.