Thor Explorations' (THX) Buy Rating Reaffirmed at Canaccord Genuity Group

Thor Explorations (LON:THX - Get Free Report)'s stock had its "buy" rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 38 ($0.51) price target on the stock. Canaccord Genuity Group's price objective would suggest a potential downside of 7.36% from the company's previous close.

Thor Explorations Stock Performance

LON:THX traded up GBX 1.02 ($0.01) during mid-day trading on Monday, reaching GBX 41.02 ($0.55). The stock had a trading volume of 6,606,212 shares, compared to its average volume of 661,964. Thor Explorations has a twelve month low of GBX 13.20 ($0.18) and a twelve month high of GBX 45 ($0.60). The business has a 50 day simple moving average of GBX 37.89 and a 200 day simple moving average of GBX 28.45. The firm has a market capitalization of £341.07 million, a price-to-earnings ratio of 6.27 and a beta of 1.49.

Insider Transactions at Thor Explorations

In other Thor Explorations news, insider Adrian J. G. Coates sold 55,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of GBX 36 ($0.48), for a total transaction of £19,980 ($26,825.99). Insiders own 12.12% of the company's stock.

Thor Explorations Company Profile

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange AIM: THX and the TSX Venture Exchange TSX-V: THX.