Thor Explorations (CVE:THX) Shares Down 3.1% – Should You Sell?

Thor Explorations Ltd. (CVE:THXGet Free Report) fell 3.1% during trading on Wednesday . The stock traded as low as C$1.23 and last traded at C$1.23. 277,243 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 515,280 shares. The stock had previously closed at C$1.27.

Thor Explorations Stock Down 3.1%

The business’s fifty day moving average is C$1.18 and its two-hundred day moving average is C$1.27. The stock has a market cap of C$819.88 million, a price-to-earnings ratio of 3.92 and a beta of 1.37. The company has a quick ratio of 0.04, a current ratio of 10.49 and a debt-to-equity ratio of 0.03.

About Thor Explorations

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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.

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