Thor Explorations (CVE:THX) Stock Price Up 1.7% – Should You Buy?

Thor Explorations Ltd. (CVE:THX) was up 1.7% during trading on Tuesday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 28,500 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 209,766 shares. The stock had previously closed at C$0.30.

Analyst Upgrades and Downgrades

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

Thor Explorations Trading Up 1.7 %

The stock has a market cap of C$196.82 million, a PE ratio of 4.29 and a beta of 1.48. 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 stock has a fifty day moving average price of C$0.29 and a 200 day moving average price of C$0.28.

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.