Thor Energy (LON:THR) Shares Cross Below 200 Day Moving Average – Here’s Why

Thor Energy Plc (LON:THR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.83 ($0.01) and traded as low as GBX 0.65 ($0.01). Thor Energy shares last traded at GBX 0.66 ($0.01), with a volume of 90,245 shares trading hands.

Thor Energy Stock Down 7.1 %

The firm has a fifty day moving average price of GBX 0.77 and a 200 day moving average price of GBX 0.83. The firm has a market capitalization of £2.46 million, a price-to-earnings ratio of -65.00 and a beta of 0.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.19 and a current ratio of 3.66.

Thor Energy Company Profile

Thor Energy PLC (ASX / AIM: THR) is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Our projects (link) are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.