Thor Explorations (CVE:THX) Trading 1.1% Higher - What's Next?

Key Points

• Thor Explorations Ltd. shares rose by 1.1% during Monday's trading, reaching a high of C$0.96, with a total of 673,358 shares traded, marking a significant increase in volume.
• The company has a market capitalization of C$443.76 million and a price-to-earnings ratio of 8.13, reflecting solid financial metrics for potential investors.
• Senior Officer Christopher Omo-Osagie purchased 200,000 shares at an average cost of C$0.39, indicating insider confidence in the company's prospects.

Thor Explorations Ltd. (CVE:THX - ) shares traded up 1.1% during trading on Monday . The stock traded as high as C$0.96 and last traded at C$0.95. 673,358 shares changed hands during trading, an increase of 107% from the average session volume of 324,780 shares. The stock had previously closed at C$0.94.

Thor Explorations Price Performance

The stock has a market capitalization of C$443.76 million, a price-to-earnings ratio of 8.13 and a beta of 1.48. The company has a fifty day simple moving average of C$0.79 and a 200 day simple moving average of C$0.63. The company has a debt-to-equity ratio of 7.77, a quick ratio of 0.04 and a current ratio of 0.58.

Insider Buying and Selling

In related news, Senior Officer Christopher Omo-Osagie bought 200,000 shares of the business's stock in a transaction 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. Insiders own 12.12% of the company's stock.

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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