Thor Explorations (CVE:THX) Trading Up 5% – Here’s Why

Shares of Thor Explorations Ltd. (CVE:THX) rose 5% during mid-day trading on Wednesday . The company traded as high as C$1.50 and last traded at C$1.47. Approximately 639,928 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 692,789 shares. The stock had previously closed at C$1.40.

Thor Explorations Stock Up 5.0%

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.04 and a current ratio of 4.79. The firm has a 50 day simple moving average of C$1.51 and a two-hundred day simple moving average of C$1.34. The stock has a market cap of C$979.86 million, a P/E ratio of 5.98 and a beta of 1.29.

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.