Thor Explorations (CVE:THX) Sets New 52-Week High - Here's What Happened

Key Points

• Thor Explorations Ltd. shares reached a new 52-week high of C$1.33 during trading on Wednesday, closing at C$1.32.
• The company has a significant market cap of C$866.01 million and a P/E ratio of 6.32, indicating strong valuation metrics.
• Thor Explorations focuses on gold production and exploration, with its flagship Segilola Gold Project located in Nigeria.

Shares of Thor Explorations Ltd. (CVE:THX - ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.33 and last traded at C$1.32, with a volume of 957425 shares trading hands. The stock had previously closed at C$1.26.

Thor Explorations Stock Up 4.8%

The business's 50 day moving average is C$1.00 and its 200 day moving average is C$0.77. The company has a quick ratio of 0.04, a current ratio of 0.58 and a debt-to-equity ratio of 7.77. The company has a market cap of C$866.01 million, a P/E ratio of 6.32 and a beta of 1.18.

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.

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