Thor Explorations (CVE:THX) Shares Down 1.6% - Here's Why

Key Points

• Thor Explorations' shares fell by 1.6% on Tuesday, trading between C$1.24 and C$1.26 amidst a significant decrease in trading volume.
• The company features a market cap of C$826.64 million and a price-to-earnings ratio of 6.03, highlighting its current valuation metrics.
• Thor Explorations operates primarily as a gold producer and explorer, with its main asset being the Segilola Gold Project located in Nigeria.

Thor Explorations Ltd. (CVE:THX - ) shares dropped 1.6% on Tuesday . The company traded as low as C$1.24 and last traded at C$1.26. Approximately 330,138 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 373,833 shares. The stock had previously closed at C$1.28.

Thor Explorations Price Performance

The company has a market cap of C$826.64 million, a price-to-earnings ratio of 6.03 and a beta of 1.18. The company has a 50-day simple moving average of C$1.00 and a 200-day simple moving average of C$0.77. The company has a debt-to-equity ratio of 7.77, a quick ratio of 0.04 and a current ratio of 0.58.

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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