Thor Explorations (CVE:THX) Shares Up 1.7% – What’s Next?

Thor Explorations Ltd. (CVE:THX) shot up 1.7% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. 647,494 shares were traded during trading, an increase of 210% from the average session volume of 209,174 shares. The stock had previously closed at C$0.30.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Thor Explorations to a “strong-buy” rating in a research report on Wednesday, October 16th.

Thor Explorations Stock Up 1.7 %

The company has a debt-to-equity ratio of 13.10, a current ratio of 0.51 and a quick ratio of 0.04. The stock’s fifty day simple moving average is C$0.29 and its 200-day simple moving average is C$0.28. The stock has a market cap of C$200.10 million, a P/E ratio of 4.36 and a beta of 1.48.

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.