Thor Explorations (CVE:THX) Hits New 1-Year High – Should You Buy?

Thor Explorations Ltd. (CVE:THX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.36 and last traded at C$0.36, with a volume of 148401 shares traded. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

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

Thor Explorations Price Performance

The company has a quick ratio of 0.04, a current ratio of 0.51 and a debt-to-equity ratio of 13.10. The stock has a market capitalization of C$246.03 million, a P/E ratio of 5.36 and a beta of 1.48. The business’s 50 day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.30.

Thor Explorations (CVE:THX) last announced its 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, sell-side analysts forecast 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.