Thor Explorations (LON:THX) Earns Buy Rating from Canaccord Genuity Group

Thor Explorations (LON:THX)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 30 ($0.37) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 106.90% from the company’s previous close.

Thor Explorations Stock Down 1.4 %

LON:THX opened at GBX 14.50 ($0.18) on Thursday. The stock’s 50 day moving average price is GBX 13.02 and its two-hundred day moving average price is GBX 14. The firm has a market capitalization of £95.13 million, a price-to-earnings ratio of 483.33 and a beta of 1.61. Thor Explorations has a 12-month low of GBX 10 ($0.12) and a 12-month high of GBX 24 ($0.30).

About Thor Explorations

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.