Thor Explorations (CVE:THX) Hits New 1-Year High – Still a Buy?

Thor Explorations Ltd. (CVE:THX) hit a new 52-week high on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35, with a volume of 200960 shares trading hands. The stock had previously closed at C$0.35.

Analyst Ratings Changes

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

Thor Explorations Price Performance

The company has a debt-to-equity ratio of 13.10, a quick ratio of 0.04 and a current ratio of 0.51. The company has a market capitalization of C$236.19 million, a PE ratio of 5.14 and a beta of 1.48. The company’s 50-day simple moving average is C$0.31 and its 200-day simple moving average is C$0.29.

Thor Explorations (CVE:THX) last released its quarterly earnings results on Monday, November 11th. The company reported C$0.04 earnings per share (EPS) for the quarter. Thor Explorations had a return on equity of 26.68% and a net margin of 22.72%. As a group, sell-side analysts anticipate that Thor Explorations Ltd. will post 0.1772152 earnings per share for the current year.

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.