Thor Explorations (CVE:THX) Shares Down 1.6% – Here’s Why

Thor Explorations Ltd. (CVE:THXGet Free Report) shares dropped 1.6% on Tuesday . The company traded as low as C$1.24 and last traded at C$1.26. Approximately 330,138 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 373,833 shares. The stock had previously closed at C$1.28.

Thor Explorations Price Performance

The company has a market cap of C$826.64 million, a price-to-earnings ratio of 6.03 and a beta of 1.18. The company has a 50-day simple moving average of C$1.00 and a 200-day simple moving average of C$0.77. The company has a debt-to-equity ratio of 7.77, a quick ratio of 0.04 and a current ratio of 0.58.

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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