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Thor Explorations (CVE:THX) Shares Down 2.5% - Here's Why

Thor Explorations logo with Basic Materials background

Thor Explorations Ltd. (CVE:THX - Get Free Report) shares fell 2.5% on Wednesday . The stock traded as low as C$0.78 and last traded at C$0.78. 280,374 shares traded hands during trading, a decline of 13% from the average session volume of 321,646 shares. The stock had previously closed at C$0.80.

Thor Explorations Stock Performance

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 company's 50-day moving average price is C$0.66 and its two-hundred day moving average price is C$0.47. The company has a market capitalization of C$364.35 million, a price-to-earnings ratio of 6.68 and a beta of 1.48.

About Thor Explorations

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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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