Thor Explorations (LON:THX) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Thor Explorations (LON:THX) in a report released on Wednesday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 30 ($0.39) target price on the stock.

Thor Explorations Price Performance

Shares of THX stock opened at GBX 15 ($0.20) on Wednesday. The stock has a 50-day moving average of GBX 16.78 and a 200-day moving average of GBX 15.61. Thor Explorations has a one year low of GBX 10 ($0.13) and a one year high of GBX 20.25 ($0.26). The stock has a market cap of £98.41 million, a PE ratio of 375.00 and a beta of 1.49.

Insider Activity at Thor Explorations

In other Thor Explorations news, insider Adrian J. G. Coates sold 105,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 19 ($0.25), for a total transaction of £19,950 ($26,051.19). Insiders own 12.12% of the company’s stock.

About Thor Explorations

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.