Thor Explorations (CVE:THX) Hits New 1-Year High – Should You Buy?

Thor Explorations Ltd. (CVE:THX)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.36, with a volume of 148401 shares changing hands. The stock had previously closed at C$0.35.

Wall Street Analyst Weigh In

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

Thor Explorations Price Performance

The business has a 50-day moving average of C$0.32 and a two-hundred day moving average of C$0.30. The company has a current ratio of 0.51, a quick ratio of 0.04 and a debt-to-equity ratio of 13.10. The firm has a market cap of C$246.03 million, a P/E ratio of 5.36 and a beta of 1.48.

Thor Explorations (CVE:THX) last released its quarterly earnings data on Monday, November 11th. The company reported C$0.04 earnings per share (EPS) for the quarter. Thor Explorations had a return on equity of 26.68% and a net margin of 22.72%. On average, sell-side analysts anticipate that Thor Explorations Ltd. will post 0.1772152 earnings per share for the current fiscal year.

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.