Thor Explorations (CVE:THX) Trading Down 6.5% - What's Next?

Key Points

• Thor Explorations Ltd. shares fell 6.5% to C$1.16, with trading volume increasing by 351% compared to the average session.
• The company has a market cap of C$761.04 million and a price-to-earnings ratio of 5.55, indicating potential valuation metrics for investors.
• Thor Explorations operates primarily in gold production and exploration, with its flagship project being the Segilola Gold Project in Nigeria.

Shares of Thor Explorations Ltd. (CVE:THX - ) traded down 6.5% on Tuesday . The company traded as low as C$1.15 and last traded at C$1.16. 1,589,581 shares were traded during trading, an increase of 351% from the average session volume of 352,264 shares. The stock had previously closed at C$1.24.

Thor Explorations Price Performance

The stock has a fifty day moving average of C$0.87 and a two-hundred day moving average of C$0.68. The stock has a market cap of C$761.04 million, a price-to-earnings ratio of 5.55 and a beta of 1.18. The company has a quick ratio of 0.04, a current ratio of 0.58 and a debt-to-equity ratio of 7.77.

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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