Thor Energy (LON:THR) Share Price Passes Below 50-Day Moving Average – What’s Next?

Thor Energy Plc (LON:THR) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 0.63 and traded as low as GBX 0.45. Thor Energy shares last traded at GBX 0.52, with a volume of 557,096 shares.

Thor Energy Stock Performance

The stock’s 50-day moving average price is GBX 0.63 and its 200-day moving average price is GBX 0.58. The company has a market capitalization of £4.94 million, a price-to-earnings ratio of -0.53 and a beta of 0.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.19 and a current ratio of 3.66.

About Thor Energy

The Company is focused on uranium, energy metals and, recently hydrogen and helium that are crucial in the shift to a clean energy economy.

Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX) under the ticker “THR”. Thor is also listed on the OTC Exchange in New York under the ticker “THORF”.