Thor Explorations (CVE:THX) Hits New 52-Week High – Here’s Why

Thor Explorations Ltd. (CVE:THX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35, with a volume of 200960 shares. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

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

Thor Explorations Stock Up 2.9 %

The company has a quick ratio of 0.04, a current ratio of 0.51 and a debt-to-equity ratio of 13.10. The stock has a market cap of C$236.19 million, a PE ratio of 5.14 and a beta of 1.48. The firm has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.29.

Thor Explorations (CVE:THX) last released its quarterly earnings data on Monday, November 11th. The company reported C$0.04 EPS for the quarter. Thor Explorations had a return on equity of 26.68% and a net margin of 22.72%. On average, equities research analysts anticipate 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.