Thor Explorations (CVE:THX) Shares Down 2%

Thor Explorations Ltd. (CVE:THX)’s stock price was down 2% during trading on Friday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 20,300 shares traded hands during trading, a decline of 88% from the average daily volume of 170,265 shares. The stock had previously closed at C$0.25.

Thor Explorations Stock Down 2.0 %

The company has a current ratio of 0.42, a quick ratio of 0.04 and a debt-to-equity ratio of 41.40. The firm’s 50 day simple moving average is C$0.27 and its 200-day simple moving average is C$1.70. The stock has a market capitalization of C$157.46 million, a price-to-earnings ratio of 4.00 and a beta of 1.63.

Thor Explorations (CVE:THX) last issued its quarterly earnings results on Thursday, August 24th. The company reported C$0.02 earnings per share (EPS) for the quarter. Thor Explorations had a net margin of 15.19% and a return on equity of 33.17%. The firm had revenue of C$55.56 million for the quarter. Equities analysts expect that Thor Explorations Ltd. will post 0.0770393 earnings per share for the current fiscal year.

Thor Explorations Company Profile

Thor Explorations Ltd., together with its subsidiaries, produces and explores gold and silver deposits. Its flagship property is the Segilola Gold Project in Nigeria. The company was incorporated in 1968 and is based in Vancouver, Canada.