Thor Explorations (CVE:THX) Trading 0.7% Higher - What's Next?

Key Points

• Thor Explorations Ltd. saw a stock price increase of 0.7%, closing at C$0.74 after trading 227,334 shares, which is a 26% decline in trading volume from the average.
• The company's market capitalization stands at C$343.33 million, with a P/E ratio of 6.29 and significant debt, indicated by a debt-to-equity ratio of 7.77.
• Insider trading activity included Senior Officer Christopher Omo-Osagie's acquisition of 200,000 shares at an average price of C$0.39 per share, reflecting confidence in the company's future.

Thor Explorations Ltd. (CVE:THX - Get Free Report) shot up 0.7% during trading on Friday . The company traded as high as C$0.74 and last traded at C$0.74. 227,334 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 307,461 shares. The stock had previously closed at C$0.73.

Thor Explorations Price 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 business's fifty day moving average is C$0.75 and its 200 day moving average is C$0.58. The firm has a market capitalization of C$359.68 million, a P/E ratio of 6.59 and a beta of 1.48.

Insider Activity

In related news, Senior Officer Christopher Omo-Osagie acquired 200,000 shares of the stock in a transaction that occurred on 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. 12.12% of the stock is owned by corporate insiders.

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.