Thor Explorations (CVE:THX) Trading 5% Higher – What’s Next?

Thor Explorations Ltd. (CVE:THX)’s share price was up 5% on Wednesday . The stock traded as high as C$1.50 and last traded at C$1.47. Approximately 639,928 shares changed hands during trading, a decline of 8% from the average daily volume of 692,789 shares. The stock had previously closed at C$1.40.

Thor Explorations Stock Performance

The stock has a market cap of C$953.20 million, a price-to-earnings ratio of 5.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.84, a current ratio of 4.79 and a quick ratio of 0.04. The firm has a fifty day moving average of C$1.50 and a 200 day moving average of C$1.34.

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.