Thor Explorations (LON:THX) Insider Acquires 41,400 Shares of Stock

Thor Explorations Ltd. (LON:THX) insider Adrian J. G. Coates acquired 41,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of GBX 56 per share, for a total transaction of £23,184.

Adrian J. G. Coates also recently made the following trade(s):

• On Tuesday, June 30th, Adrian J. G. Coates sold 36,250 shares of Thor Explorations stock. The shares were sold at an average price of GBX 55, for a total transaction of £19,937.50.

Thor Explorations Stock Performance

Shares of LON THX opened at GBX 55.42 on Thursday. The firm’s 50 day moving average price is GBX 68.22 and its 200-day moving average price is GBX 75.12. The company has a market cap of £369.41 million, a PE ratio of 1.74 and a beta of 1.68. Thor Explorations Ltd. has a 52-week low of GBX 39 and a 52-week high of GBX 101.

Thor Explorations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.01 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, April 24th. Thor Explorations’s payout ratio is presently 11.37%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on THX shares. Shore Capital Group reissued a “buy” rating on shares of Thor Explorations in a report on Monday, April 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 price target on shares of Thor Explorations in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 150.

About Thor Explorations

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).