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

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

Thor Explorations Price Performance

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

Thor Explorations Company Profile

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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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