Thor Explorations (CVE:THX) Stock Price Down 1.5% – What’s Next?

Thor Explorations Ltd. (CVE:THX) fell 1.5% on Tuesday . The stock traded as low as C$0.32 and last traded at C$0.33. 753,600 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 413,072 shares. The stock had previously closed at C$0.33.

Analysts Set New Price Targets

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

Thor Explorations Price Performance

The company has a debt-to-equity ratio of 13.10, a current ratio of 0.51 and a quick ratio of 0.04. The firm has a 50-day moving average of C$0.30 and a 200-day moving average of C$0.29. The stock has a market cap of C$213.22 million, a PE ratio of 4.64 and a beta of 1.48.

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.