Thor Explorations (CVE:THX) Shares Up 1.7% – Here’s Why

Thor Explorations Ltd. (CVE:THX)’s stock price shot up 1.7% on Tuesday . The stock traded as high as C$0.30 and last traded at C$0.30. 28,500 shares traded hands during trading, a decline of 86% from the average session volume of 209,766 shares. The stock had previously closed at C$0.30.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded shares of Thor Explorations to a “strong-buy” rating in a report on Wednesday, October 16th.

Thor Explorations Price Performance

The firm has a market capitalization of C$196.82 million, a P/E ratio of 4.29 and a beta of 1.48. The stock’s 50 day simple moving average is C$0.29 and its 200 day simple moving average is C$0.28. The company has a debt-to-equity ratio of 13.10, a quick ratio of 0.04 and a current ratio of 0.51.

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.