Thor Explorations (CVE:THX) Shares Up 1.7% – Time to Buy?

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

Analyst Ratings Changes

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

Thor Explorations Trading Up 1.7 %

The stock has a market capitalization of C$200.10 million, a PE ratio of 4.36 and a beta of 1.48. 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 business’s 50-day moving average is C$0.29 and its two-hundred day moving average is C$0.28.

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.