Shares of Thor Explorations Ltd. (OTCMKTS:THXPF – Get Free Report) were down 11.7% during trading on Wednesday. The company traded as low as $0.6837 and last traded at $0.6939. 431,043 shares changed hands during trading, an increase of 182% from the average daily volume of 152,929 shares. The stock had previously closed at $0.7856.
Thor Explorations Trading Down 11.7%
The firm’s 50-day moving average price is $0.88 and its 200 day moving average price is $0.89.
About Thor Explorations
Thor Explorations Ltd. is a Canadian mineral exploration and mining company focused on the acquisition, development and operation of gold assets in West Africa. The company’s activities include geological exploration, resource evaluation, mine development and gold production.
Thor’s principal operating asset is the Segilola Gold Mine in Osun State, Nigeria, which entered commercial production in 2021. Segilola is regarded as Nigeria’s first large-scale commercial gold mine and produces gold doré for sale to international bullion markets.
The company also holds gold exploration and development interests in Senegal and Burkina Faso, including the Douta project in Senegal and the Bongou project in Burkina Faso.
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