Thor Explorations (CVE:THX) Hits New 52-Week High – Time to Buy?

Thor Explorations Ltd. (CVE:THX) shares reached a new 52-week high on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35, with a volume of 200960 shares trading hands. The stock had previously closed at C$0.35.

Analyst Ratings Changes

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

Thor Explorations Stock Up 2.9 %

The stock’s 50-day moving average is C$0.30 and its 200-day moving average is C$0.29. 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 stock has a market cap of C$232.90 million, a P/E ratio of 5.07 and a beta of 1.48.

Thor Explorations (CVE:THX) last issued its quarterly earnings results on Monday, November 11th. The company reported C$0.04 earnings per share (EPS) for the quarter. Thor Explorations had a return on equity of 26.68% and a net margin of 22.72%. As a group, research analysts anticipate that Thor Explorations Ltd. will post 0.1772152 earnings per share for the current fiscal year.

About Thor Explorations

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.