Thor Energy (LON:THR) Shares Up 12% – Time to Buy?

Thor Energy Plc (LON:THR) shares traded up 12% during trading on Wednesday . The company traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 55,245 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 345,074 shares. The stock had previously closed at GBX 0.80 ($0.01).

Thor Energy Stock Down 5.0 %

The stock’s 50 day simple moving average is GBX 0.81 and its 200 day simple moving average is GBX 0.93. The stock has a market capitalization of £2.88 million, a P/E ratio of -80.00 and a beta of 0.36. The company has a current ratio of 3.66, a quick ratio of 3.19 and a debt-to-equity ratio of 0.29.

Thor Energy Company Profile

Thor Energy Plc engages in the exploration and development of mineral properties in Australia and the United States. It explores for uranium, vanadium, copper, tungsten, molybdenum, gold, lithium, and nickel deposits. The company holds 100% interest in the Wedding Bell and the Radium Mountain Projects, located in Colorado and comprise of 199 mineral claims; and the Vanadium King project, located in south-east Utah and comprises of 100 mineral claims.