Thor Explorations (CVE:THX) Shares Down 6.5% - Here's What Happened

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 - Get Free Report) were down 6.5% during trading on Tuesday . The stock traded as low as C$1.15 and last traded at C$1.16. Approximately 1,589,581 shares traded hands during trading, an increase of 351% from the average daily volume of 352,264 shares. The stock had previously closed at C$1.24.

Thor Explorations Trading Up 2.8%

The company has a quick ratio of 0.04, a current ratio of 0.58 and a debt-to-equity ratio of 7.77. The firm's 50 day simple moving average is C$0.89 and its 200-day simple moving average is C$0.70. The company has a market capitalization of C$721.67 million, a PE ratio of 5.26 and a beta of 1.18.

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.