Thor Explorations (CVE:THX) Stock Price Down 1.8% – Should You Sell?

Shares of Thor Explorations Ltd. (CVE:THX) were down 1.8% during trading on Monday . The stock traded as low as C$0.27 and last traded at C$0.28. Approximately 79,450 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 206,294 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded Thor Explorations to a “strong-buy” rating in a research note on Wednesday, October 16th.

Thor Explorations Stock Performance

The company has a debt-to-equity ratio of 13.10, a quick ratio of 0.04 and a current ratio of 0.51. The company’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.27. The stock has a market cap of C$170.58 million, a P/E ratio of 3.71 and a beta of 1.48.

Thor Explorations (CVE:THX) last issued its quarterly earnings results on Friday, August 23rd. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$73.72 million during the quarter. Thor Explorations had a net margin of 22.72% and a return on equity of 26.68%. Equities analysts forecast that Thor Explorations Ltd. will post 0.1772152 EPS for the current fiscal year.

Thor Explorations Company Profile

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.