Thor Explorations (CVE:THX) Shares Down 1.9% – Time to Sell?

Thor Explorations Ltd. (CVE:THX)’s stock price dropped 1.9% during mid-day trading on Wednesday . The company traded as low as C$1.50 and last traded at C$1.53. Approximately 105,022 shares were traded during trading, a decline of 86% from the average daily volume of 734,208 shares. The stock had previously closed at C$1.56.

Thor Explorations Price Performance

The firm has a 50-day moving average of C$1.52 and a 200 day moving average of C$1.32. The company has a market capitalization of C$1.02 billion, a PE ratio of 6.22 and a beta of 1.29. The company has a debt-to-equity ratio of 1.84, a current ratio of 4.79 and a quick ratio of 0.04.

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.