Thor Explorations (CVE:THX) Trading Down 1.4% – What’s Next?

Thor Explorations Ltd. (CVE:THXGet Free Report) dropped 1.4% on Wednesday . The stock traded as low as C$1.03 and last traded at C$1.04. Approximately 149,309 shares were traded during trading, a decline of 70% from the average daily volume of 497,556 shares. The stock had previously closed at C$1.05.

Thor Explorations Stock Performance

The stock’s fifty day simple moving average is C$1.20 and its two-hundred day simple moving average is C$1.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.04 and a current ratio of 9.15. The company has a market cap of C$719.90 million, a price-to-earnings ratio of 3.40 and a beta of 1.39.

About Thor Explorations

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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.

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