Thor Explorations (CVE:THX) Stock Price Down 3.5% – Here’s Why

Thor Explorations Ltd. (CVE:THX – Get Free Report)’s share price was down 3.5% during mid-day trading on Wednesday. The stock traded as low as C$1.10 and last traded at C$1.11. Approximately 353,795 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 503,197 shares. The stock had previously closed at C$1.15.

Thor Explorations Price Performance

The stock’s 50-day moving average is C$1.22 and its 200 day moving average is C$1.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 10.49. The stock has a market capitalization of C$739.90 million, a PE ratio of 3.54 and a beta of 1.28.

Thor Explorations Company Profile

(Get Free Report)

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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