Thor Explorations (LON:THX) Reaches New 52-Week High on Insider Buying Activity

Thor Explorations Ltd. (LON:THX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 38.50 ($0.52) and last traded at GBX 38.05 ($0.52), with a volume of 1222755 shares changing hands. The stock had previously closed at GBX 37 ($0.50).

Specifically, insider Adrian J. G. Coates purchased 29,032 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average price of GBX 36 ($0.49) per share, for a total transaction of £10,451.52 ($14,163.87).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 35 ($0.47) price target on shares of Thor Explorations in a research note on Tuesday, April 8th.

Thor Explorations Trading Up 1.9%

The company has a market cap of £319.70 million, a PE ratio of 5.88 and a beta of 1.49. The stock has a 50 day moving average price of GBX 31.73 and a 200 day moving average price of GBX 23.67.

About Thor Explorations

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.