Thor Explorations (CVE:THX) Shares Down 5.4% – Time to Sell?

Thor Explorations Ltd. (CVE:THXGet Free Report) shares fell 5.4% on Wednesday . The company traded as low as C$1.23 and last traded at C$1.23. 853,923 shares were traded during trading, an increase of 59% from the average session volume of 537,361 shares. The stock had previously closed at C$1.30.

Thor Explorations Stock Performance

The company’s 50-day simple moving average is C$1.37 and its 200-day simple moving average is C$1.39. The stock has a market capitalization of C$779.89 million, a price-to-earnings ratio of 3.68 and a beta of 1.54. The company has a current ratio of 9.15, a quick ratio of 0.04 and a debt-to-equity ratio of 0.34.

Thor Explorations Company Profile

(Get Free Report)

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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