Thor Explorations (LON:THX) Given Buy Rating at Canaccord Genuity Group

Key Points

• Thor Explorations' stock received a "buy" rating from Canaccord Genuity Group, with a price target of GBX 49 ($0.66) indicating a potential upside of 5.64%.
• The stock price opened at GBX 46.39 ($0.62) and saw a 5.9% increase on the same day, having a market cap of £385.68 million.
• Insider Adrian J. G. Coates purchased 29,032 shares at an average price of GBX 36 ($0.48), showing confidence in the company's future.

Thor Explorations (LON:THX - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Canaccord Genuity Group in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 49 ($0.66) price target on the stock. Canaccord Genuity Group's price target indicates a potential upside of 2.08% from the company's previous close.

Thor Explorations Stock Up 0.5%

Shares of LON:THX traded up GBX 0.25 ($0.00) during midday trading on Tuesday, reaching GBX 48 ($0.65). The company's stock had a trading volume of 572,408 shares, compared to its average volume of 616,853. The firm has a market cap of £399.11 million, a price-to-earnings ratio of 7.34 and a beta of 1.49. Thor Explorations has a 1 year low of GBX 13.60 ($0.18) and a 1 year high of GBX 49 ($0.66). The business has a 50 day moving average price of GBX 41.78 and a 200 day moving average price of GBX 32.47.

Insider Transactions at Thor Explorations

In related news, insider Adrian J. G. Coates acquired 29,032 shares of Thor Explorations stock in a transaction on Friday, May 30th. The shares were bought at an average price of GBX 36 ($0.49) per share, for a total transaction of £10,451.52 ($14,165.79). Company 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.