Canaccord Genuity Group upgraded shares of Thor Explorations (CVE:THX – Free Report) to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.
Thor Explorations Trading Up 7.7 %
CVE THX opened at C$0.28 on Wednesday. The company has a 50-day moving average of C$0.29 and a 200-day moving average of C$0.27. The company has a debt-to-equity ratio of 13.10, a current ratio of 0.51 and a quick ratio of 0.04. Thor Explorations has a 12 month low of C$0.17 and a 12 month high of C$0.35. The company has a market cap of C$183.70 million, a P/E ratio of 4.00 and a beta of 1.48.
Thor Explorations (CVE:THX – Get Free Report) last posted its quarterly earnings results on Friday, August 23rd. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$73.72 million for the quarter. Thor Explorations had a net margin of 22.72% and a return on equity of 26.68%. As a group, equities analysts predict that Thor Explorations will post 0.1772152 earnings per share for the current year.
About Thor Explorations
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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