Thor Explorations (CVE:THX) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Thor Explorations (CVE:THX) to a strong-buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Thor Explorations Price Performance

THX opened at C$0.28 on Wednesday. The stock’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.27. The stock has a market capitalization of C$183.70 million, a PE ratio of 4.00 and a beta of 1.48. The company has a debt-to-equity ratio of 13.10, a quick ratio of 0.04 and a current ratio of 0.51. Thor Explorations has a 52-week low of C$0.17 and a 52-week high of C$0.35.

Thor Explorations (CVE:THX) last issued its quarterly earnings results on Friday, August 23rd. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$73.72 million during the quarter. Thor Explorations had a net margin of 22.72% and a return on equity of 26.68%. On average, equities research analysts predict that Thor Explorations will post 0.1772152 EPS for the current year.

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.