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

Key Points

• Canaccord Genuity Group reaffirmed its "buy" rating for Thor Explorations (LON: THX) with a target price of GBX 49, indicating a potential downside of 32.69% from the current stock price.
• The stock price of Thor Explorations recently traded at GBX 72.80, with a notable trading volume surpassing its average.
• Thor Explorations is a recognized low-cost gold producer with diversified mineral assets in West Africa, and its market capitalization stands at £477.62 million.

Thor Explorations (LON:THX - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 49 target price on the stock. Canaccord Genuity Group's price objective would indicate a potential downside of 32.69% from the company's current price.

Thor Explorations Price Performance

Shares of LON:THX traded down GBX 1.20 during trading hours on Wednesday, hitting GBX 72.80. The company's stock had a trading volume of 970,712 shares, compared to its average volume of 663,823. Thor Explorations has a 52 week low of GBX 14 and a 52 week high of GBX 77.60. The company has a market capitalization of £477.62 million, a price-to-earnings ratio of 348.33 and a beta of 1.49. The firm's fifty day moving average price is GBX 59.65 and its 200 day moving average price is GBX 44.36.

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.

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