Thor Explorations (CVE:THX) Trading 1.7% Higher – Should You Buy?

Shares of Thor Explorations Ltd. (CVE:THX) shot up 1.7% during mid-day trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. 647,494 shares changed hands during mid-day trading, an increase of 210% from the average session volume of 209,174 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

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

Thor Explorations Price Performance

The company has a 50 day moving average price of C$0.29 and a 200 day moving average price of C$0.28. 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 company has a market capitalization of C$196.82 million, a P/E ratio of 4.43 and a beta of 1.48.

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.