Thor Explorations (CVE:THX) Shares Down 1.4% – What’s Next?

Thor Explorations Ltd. (CVE:THX) shares fell 1.4% during mid-day trading on Wednesday . The stock traded as low as C$1.03 and last traded at C$1.04. Approximately 149,309 shares changed hands during trading, a decline of 70% from the average daily volume of 497,556 shares. The stock had previously closed at C$1.05.

Thor Explorations Stock Performance

The company has a current ratio of 9.15, a quick ratio of 0.04 and a debt-to-equity ratio of 0.34. The firm has a market cap of C$693.24 million, a price-to-earnings ratio of 3.27 and a beta of 1.39. The stock has a fifty day moving average price of C$1.20 and a 200 day moving average price of C$1.36.

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.