Thor Explorations (CVE:THX) Sets New 1-Year High - Should You Buy?

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 - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.83 and last traded at C$0.83, with a volume of 450268 shares. The stock had previously closed at C$0.79.

Thor Explorations Trading Up 6.3%

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's 50 day moving average is C$0.76 and its 200 day moving average is C$0.59. The company has a market capitalization of C$392.38 million, a PE ratio of 7.19 and a beta of 1.48.

Insider Transactions at Thor Explorations

In other Thor Explorations news, Senior Officer Christopher Omo-Osagie bought 200,000 shares of Thor Explorations stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of C$0.39 per share, with a total value of C$77,000.00. 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.

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